The basis used in computing equivalent unit cost under process costing system is made up of certain specific jobs worked on during the fiscal year.

Name: The basis used in computing equivalent unit cost under process costing system is made up of certain specific jobs worked on during the fiscal year.
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The basis used in computing equivalent unit cost under process costing system is not specific jobs, but rather the units of production that are partially completed at the end of each accounting period.

The Basis Used in Computing Equivalent Unit Cost Under Process