Which of the following best describes the term equivalent units?
A)partially completed units expressed in terms of fully complete units of output
B)partially completed units of output that will be sold as is
C)substitute of units that are partially completed
D)different types of units that have same selling price

Question

Quizplus · Accepted Answer

Equivalent units refer to partially completed units of production that are expressed in terms of fully complete units. This helps in calculating the total amount of output, as well as the cost per unit, more accurately.

Which of the Following Best Describes the Term Equivalent Units