Which of the Following Statement(s)concerning Conversion Costs Is Correct

Multiple Choice

Which of the following statement(s) concerning conversion costs is correct?

A) Estimating the degree of completion of direct materials in a partially completed unit is usually easier to calculate than estimating the degree of completion for conversion costs.
B) The calculation of equivalent units is relatively easy for the textile industry.
C) Estimates are usually not considered acceptable.
D) Both B and C are correct.