Equivalent units of production would best be defined as: I realize the bold word in text is "equivalent whole units" - However,given the wording of the LO,I have not inserted the word "whole" anywhere.
A) The number of whole units that could have been completed with direct material,direct labor and overhead used during the period.
B) Completed units that are produced through the same process.
C) Number of units transferred out during the period,regardless of when the units were started into production.
D) Units of production that are the same kind of product.
I realize the bold word in text is "equivalent whole units" - However,given the wording of the LO,I have not inserted the word "whole" anywhere.

Question

Quizplus · Accepted Answer

Equivalent units of production refer to the number of complete units that could have been produced given the amount of resources used during the period, including direct materials, direct labor, and overhead.

Equivalent Units of Production Would Best Be Defined As: I