The purpose of the equivalent-unit computation is to:
A)convert completed units into the amount of partially completed output units that could be made with that quantity of input
B)assist the business in determining the cost assigned to ending inventory and work-in-process inventory.
C)convert partially completed units into the amount of completed output units that could be made with that quantity of input
D)Both B and C are correct.

Question

Quizplus · Accepted Answer

Equivalent-unit computation helps in determining costs for ending inventory and work-in-process by converting partially completed units into equivalent completed units.

The Purpose of the Equivalent-Unit Computation Is To