The portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period is the definition of
A) units started and completed
B) equivalent units
C) conversion costs
D) ending work in process

Question

Quizplus · Accepted Answer

Equivalent units refer to the portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period.

The Portion of Whole Units That Were Completed with Respect