Multiple Choice
Which of the following is not one of the four steps in accounting for production activity and assigning costs during a period under a process cost system?
A) Determine over or underapplied overhead.
B) Determine the physical flow of units.
C) Compute equivalent units of production.
D) Compute the cost per equivalent unit.
E) Assign and reconcile costs.
Correct Answer:

Verified
Correct Answer:
Verified
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