In a process costing environment, the number of physical units of output completed in a given period is identical to the number of equivalent units of output attributed to that period.

Question

Quizplus · Accepted Answer

In a process costing environment, the number of physical units of output completed may differ from the number of equivalent units of output because equivalent units account for partially completed units in terms of a fraction of a complete unit, reflecting the work done on them during the period.

In a Process Costing Environment, the Number of Physical Units