Equivalent units
A)are used in calculating actual physical units completed in a process costing system.
B)are partially completed units that have been converted to a comparable number of completed units.
C)represent the cost of producing one unit of product.
D)All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Equivalent units are partially completed units that have been converted to a comparable number of completed units. They are used in process costing systems to determine the total number of completed units that could have been produced based on the partially completed units in a given period of time.

Equivalent Units