Which of the following statements describes an element of process costing systems? A. Total conversion costs include direct labor and manufacturing overhead costs included in beginning inventory and added to production during the period. B. The total units accounted for equals the sum of equivalent units in ending work in process and equivalent units completed and transferred out. C. Direct material costs are traced to individual units of production. D. Costs are accumulated by job. E. For current period calculations, the percentage of completion for units in beginning work in process is used to calculate equivalent units under the weighted average method.

A. Total conversion costs include direct labor and manufacturing overhead costs included in beginning inventory and added to production during the period.

Explanation:

The process costing systems are procedures to determine the cost of producing a certain product or good, and in that final costing process we have to include direct labor, the cost of the employee that is working to transform that product, and the manufacturing costs, and other expenses that can be added to the cost of that certain product´s production.