The long-run aggregate supply curve uses the classical assumptions that all variables are in the long run and that long-run equilibrium occurs at . flexible; full employment fixed; full employment fixed; less than full employment flexible; less than full employment

Regarding the flow of costs through the inventory accounts, which of the following statements is incorrect? a. the costs flow from raw materials inventory to work-in-process inventory to finished goods inventory. b. the format for computing the amount used, manufactured, or sold is the same for all three inventory accounts. c. the final amount at each stage is added at the beginning of the next stage. d. purchases of raw material and freight in are debited to the work-in-process inventory account.