Which of the following statements is true of conversion costs?
◦ Estimating the degree of completion is usually easier for direct material costs than for conversion costs.
◦ The calculation of equivalent units is relatively easy for the textile industry.
◦ The conversion cost needed for a completed unit and the conversion cost in a partially completed unit can be measured accurately.
◦ If conversion costs are added evenly during the assembly we can conclude that there are more than one indirect-cost category.