Ask Question
BusinessBusiness
11 June, 06:12

Equivalent units of production are a. the number of units in production during a period, whether completed or not. b. the portion of whole units that are completed with respect to materials or conversion costs. c. the portion of whole units that are completed with respect to materials or selling costs. d. All of these choices are correct.

+2
Answers (1)
  1. 11 June, 06:28
    0
    b. the portion of whole units that are completed with respect to materials or conversion costs.

    Explanation:

    In process costing the inventory in the work in process is valued using the equivalent numbers of units completed. The completed units are transferred to the finished goods Inventory. Equivalent numbers of unit are percentage completed those unit which are in process and needs to further processing to complete. It involves the cost of material and conversion as well. It also includes the unit completed during the period to value the inventory.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Equivalent units of production are a. the number of units in production during a period, whether completed or not. b. the portion of whole ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13,500.
Answers (1)
Two nations are negotiating a trade agreement for two goods. Both nations have the same amount of resources available to produce the two goods.
Answers (1)
Advance Payments for Goods The Petaluma Daily Times Corporation (CDT) publishes a daily newspaper. A 52-week subscription sells for $260. Assume that CDT sells 100 subscriptions on January 1. None of the subscriptions are cancelled as of March 31. a.
Answers (1)
For the year, cash sales are $700,000 and credit sales are $2,500,000. Management estimates that 1% is the sales percentage to use. What adjusting entry will Valli Company make to record the bad debts expense?
Answers (1)
Mike is an avid musician who opened a new music store called mp3s a few years ago. since then mike has become much more knowledgeable about the business and has decided to launch his own record label in order to have more control over the music that
Answers (1)
New Questions in Business
Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If Fantastic Frames increases sales by
Answers (1)
A trade show is usually focused on what? a. an employer b. an industry c. a school d. a craft
Answers (1)
The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets
Answers (1)
Select all maintenance procedures that may be performed in an office. update software replace printer cartridges clean copy machines install virus-protection software print copies to be distributed at a meeting
Answers (1)
Increases to owner's equity may be from expenses that are incurred. expenses exceeding revenue for the period. withdrawals of cash from the business by the owner. revenue that is derived from sales of goods or services
Answers (1)
Home » Business » Equivalent units of production are a. the number of units in production during a period, whether completed or not. b. the portion of whole units that are completed with respect to materials or conversion costs. c.
Sign Up Forgot Password?