Equivalent units of production are:
A)A measure representing the percentage of a unit's cost that has been completed.
B)Not computed separately for each input added during production.
C)Not assigned to beginning work-in-process or ending work-in-process.
D)The total units completed during the period.

Question

Quizplus · Accepted Answer

Equivalent units of production are a measure representing the percentage of a unit's cost that has been completed, allowing for the cost of partially completed goods to be accurately accounted for in cost accounting.

Equivalent Units of Production Are