The number of equivalent units of production will always be lesser than the number of completed units during the period.

Question

Quizplus · Accepted Answer

Equivalent units of production account for both completed units and the work-in-process (partially completed units) in terms of fully completed units, thus it can be equal to or greater than the number of completed units depending on the stage of completion of the work-in-process.

The Number of Equivalent Units of Production Will Always Be