To compute equivalent units of production, one must be able to reasonably estimate:
A) The percentage of completion.
B) Units completed.
C) Units started and completed.
D) Direct labor cost.
E) Materials cost.

Question

Quizplus · Accepted Answer

Equivalent units of production is a measure used in process costing, and it is important to estimate the percentage of completion for each production stage in order to accurately calculate the number of equivalent units of completed production.

To Compute Equivalent Units of Production, One Must Be Able