What are the two methods used to determine equivalent units of production?
A)weighted average and FIFO
B)weighted average and LIFO
C)FIFO and specific identification
D)LIFO and specific identification

Question

Quizplus · Accepted Answer

The two methods used to determine equivalent units of production are weighted average and FIFO. LIFO and specific identification are not commonly used for this purpose.

What Are the Two Methods Used to Determine Equivalent Units