In a job order costing system, when the goods are sold, the Cost of Goods Sold account is increased, and the Finished Goods Inventory account is decreased for the selling price of the goods sold

In a process costing system, equivalent units must be calculated separately for materials and conversion costs

Indicate whether the statement is true or false

Factors that can affect pricing decisions include all of the following except

a) cost considerations. b) environment. c) pricing objectives. d) all of these are factors.