Which statement best defines the concept of equivalent units of production?
A) Equivalent units are the measure of a period's output.
B) Equivalent units are the units completed in a department.
C) Equivalent units are the total of the units produced by all departments.
D) Equivalent units are the number of units completed at the end of the last process.

Question

Quizplus · Accepted Answer

Equivalent units of production measure the work done during a period, expressed in fully completed units, accounting for both completed and partially completed units.

Which Statement Best Defines the Concept of Equivalent Units of Production