Which of the following statements is (are) true? i. for cost control, the fifo method of process costing is better than the weighted-average method. ii. the weighted-average method of process costing assigns more cost to units completed (transferred out) than the fifo method. a. i only. b. ii only. c. both i and ii. d. neither i nor ii.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units