Which of the following statements is true of accounting data? Question 4 options: Accounting data focus mainly on intangible assets, rather than tangible assets. Accounting data are historical data and thus backward-looking. Accounting data do not have to be adjusted in any manner to compare companies with different capital structures. Accounting data consider off-balance sheet items, such as pension obligations of a firm.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.