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Which of the following statements is true? 1. When computing the cost per equivalent unit, it is necessary to consider the percentage completion of the units in the beginning inventory under the weighted average method. 2. In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs. - Statement 1 is true. - Statement 2 is true. - Both statements are true. - Neither statement is true.
Sagot :
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