In a process costing system,the equivalent units of production must be computed after determining the value of ending inventory.

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In a process costing system, the equivalent units of production are computed before determining the value of ending inventory. This is because equivalent units of production represent a measure of the amount of production completed during the period, and they are used in the calculation of the cost per unit for the period. Once the equivalent units of production have been calculated, their associated costs can be assigned to either the units completed and transferred out or to the units still in process (i.e., ending inventory). Therefore, the value of ending inventory can be determined once the equivalent units of production have been calculated.

In a Process Costing System,the Equivalent Units of Production Must