Why do accountants criticize the practice of carrying inventories at estimated net realizable values?
a) the costs of producing the products are usually estimates.
b) there is usually no clearly defined realizable value for any inventories.
c) in effect, this practice recognizes income before sales are made.
d) it will result in higher cost of goods sold and lesser profits.

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.