TCP uses the sliding windows method of flow control

Travel Trails, Inc manufactures railway coaches and uses the FIFO method of process costing to record costs

The Work-in-Process Inventory of the Heating Department on October 1 was 74% complete for materials and 23% complete for conversion costs. On October 31, its ending Work-in-Process Inventory was 84% complete for materials and 41% complete for conversion costs. This means that for the ending inventory, ________% of the materials and ________% of the conversion costs were added during October. A) 74; 41 B) 26; 23 C) 84; 41 D) 41; 84

Residual income is used as a key performance indicator for evaluating an investment center's financial performance

Indicate whether the statement is true or false