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1)Process Costing In a process cost system, costs are assigned only to  a

Accounting

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1)Process Costing In a process cost system, costs are assigned only to

 a. work in process, finished goods, and cost of goods sold

b.one work in process account.

c. work in process and finished goods inventory

d work in process accounts

2) Equivalent units are computed for

 materials and conversion costs

 labor and overhead only.

 conversion costs only.

 materials only.