I need the following Assignments Completed so that I may compare them to my current answer. There are multiple sections to this Assignment SECTION 3 1. Which of the following is not a characteristic of a process costing system? a. Several Work in Process Inventory accounts are used b. Product costs are grouped by processes, departments, or work cells c. More suitable when customized products are manufactured d. A specific time period is used 2. Which of the following cost flow assumptions most closely follows the logical product flow in a process costing environment? a. LIFO b. FIFO c. Average d. HIFO 3. In a process costing system, some of the increases to Department C’s Work in Process Inventory account would come from Department B’s a. Finished Goods Inventory account. b. Work in Process Inventory account. c. Materials Inventory account. d. Cost of Goods Sold account. 4. During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO costing method. The number of units started and completed in Department A during April was a. 350,000. b. 360,000. c. 450,000. d. 160,000. 5. During April, Department A started 400,000 units of product in a particular production process. The beginning work in process inventory was 40,000 units, and the ending inventory was 50,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO costing method. Units transferred out from Department A during April were a. 410,000. b. 390,000. c. 400,000. d. 490,000. 6. Equivalent units of production usually are determined for a. direct materials costs only. b. direct materials and conversion costs. c. direct and indirect materials only. d. conversion costs only. 7. A measure of productive output of units for a period of time, expressed in terms of completed whole units, is the definition of a. ending work in process inventory. b. equivalent units c. conversion costs. d. units started and completed. 8. Direct materials costs and conversion costs for the current period on a FIFO process cost report are divided by their respective units of equivalent production to arrive at the a. transferred-in cost per unit. b. beginning inventory cost per unit. c. units to be started. d. cost per equivalent unit. 9. In a process costing system, unit cost is computed a. for each job worked on. b. on the basis of productive output for a period of time. c. for direct materials costs only. d. only for the last production process. 10. Lopez Company uses the FIFO process costing method to determine the product unit cost. The company began the period with 1,800 units in beginning inventory. During the period, 32,000 units were started and completed. There were 4,000 units in ending inventory at the end of the period. If all direct materials are added at the beginning of the process, the number of equivalent units for direct materials for the period is a. 28,000. b. 36,000. c. 29,800. d. 32,000. 11. The following unit data were assembled for the heating process of Morgan Processing Inc. for the month of August. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process costing method. Units Beginning work in process inventory (30 percent complete) 5,000 Units started in August 44,000 Ending work in process (60 percent complete) 4,500 The number of equivalent units produced by Morgan Processing with respect to conversion costs is a. 43,700. b. 48,200. c. 50,200. d. 45,700. 12. The following unit data were asse