Equivalent units of production are equal to:
A) The number of units that could have been completed if all effort had been applied to units that were started and completed during a period.
B) The number of finished units actually produced during a period.
C) The number of units introduced into the process during a period.
D) The number of units still in process at the end of a period.
E) Physical units that were started and completed during a period.

Question

Quizplus · Accepted Answer

Equivalent units of production refer to the units of output that have been completed during a period, as well as the units that are in process and are expected to be completed. This means that they take into consideration the work that has been done on the units that are still in process, as if they were completed. Choice A accurately describes this concept.

Equivalent Units of Production Are Equal To