Explain in layman terms "equivalent units of production"
(EUP).
How does the calculation of EUP differ between the
weighted-average (WA) method and the first-in-first-out (FIFO)
method? Which method provides more accurate results, WA or FIFO?
Defend your answer on why.
Discuss in detail how a company would determine how many work in
process (WIP) accounts to maintain when process costing is
employed?
Describe how the Ames test can be used as a test for screening
potential carcinogenic compounds. Include in your answer what an
auxotroph is, why you need an auxotrophic mutant, limits of the
test. Why is meant by spontaneous reversion?