Select the TRUE Statement Regarding Process Costing

Multiple Choice

Select the TRUE statement regarding process costing.

A) The degree of completion for conversion costs in ending work-in-process depends on the amount of direct materials used during the period.
B) Because it tracks beginning inventory's actual costs of completion, the weighted-average method is the most accurate process costing system.
C) Estimating the degree of completion is usually easier for conversion costs than for transferred-in costs.
D) Estimating the degree of completion is usually easier for direct materials than for conversion costs.
E) The accuracy of the completion percentages depends on the accounting system used.