If there are 20,000 units in a process that are 70% complete, these are referred to as:

Question

Quizplus · Accepted Answer

Equivalent units of production in a process refer to the number of fully completed units that could have been produced using the resources used to produce the partially completed units. Therefore, in this scenario, the 20,000 units that are 70% complete can be considered as 14,000 equivalent units of production, as only 70% of work has been done on each of the 20,000 units.

If There Are 20,000 Units in a Process That Are