In a process-costing system,the calculation of equivalent units is used for calculating ________.
A) the dollar amount of sales affected during the period
B) the dollar amount of the cost of goods sold for the accounting period
C) the dollar price earned for a particular job
D) the dollar amount of revenue for the period including the revenue estimated to be received from the sale of equivalent units

Question

Quizplus · Accepted Answer

Equivalent units are used to allocate costs between completed and partially completed units, which helps in determining the cost of goods sold for the accounting period.

In a Process-Costing System,the Calculation of Equivalent Units Is Used