The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given number of partially completed units is:
A)Units completed
B)Equivalent units
C)Units started and completed
D)Total units in production

Question

Quizplus · Accepted Answer

Equivalent units is the term used to represent the number of completed units that is equal, in terms of production inputs, to a given number of partially completed units. This is important in accounting for the costs of production and determining the true cost of goods sold.

The Term Given to Units That Represents the Number of Completed