In order to calculate the cost per equivalent unit, one must know the number of equivalent units in beginning inventory, ending inventory, units completed during the period, along with the total product costs incurred during the period.

Question

Quizplus · Accepted Answer

To calculate the cost per equivalent unit, you need to know the number of equivalent units of production for the period and the total costs incurred during the period. Beginning inventory is considered in the calculation of equivalent units if using the weighted-average method, but the focus is on costs and equivalent units for work done in the current period, not on units in inventory statuses.

In Order to Calculate the Cost Per Equivalent Unit, One