Equivalent units of production are always the same as the total number of physical units finished during the period.

Question

Quizplus · Accepted Answer

Equivalent units of production refer to the number of partially completed units that are equivalent in terms of direct materials and conversion costs to the number of completed units. Therefore, the equivalent units of production will not always be the same as the total number of physical units finished during the period.

Equivalent Units of Production Are Always the Same as the Total