The cost per equivalent unit in the production cost report equals the "costs to be accounted for" divided by the number of:
A)units sold.
B)equivalent units produced.
C)units completed.
D)units started.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

The cost per equivalent unit is calculated by dividing the total costs to be accounted for (costs incurred during the period) by the total equivalent units produced (units that are partially or fully completed during the period). Therefore, the answer is B, equivalent units produced.

The Cost Per Equivalent Unit in the Production Cost Report