Equivalent units of production represent units of:
A)Finished goods inventory.
B)Units of work-in-process inventory.
C)Work performed during the period.
D)Sales generated during the period.

Question

Quizplus · Accepted Answer

Equivalent units of production represent the amount of work performed during the period on both completed and partially completed units. It takes into account partially completed units in the work-in-process inventory and calculates them as if they were completed units. Therefore, choice C, work performed during the period, is the best answer.

Equivalent Units of Production Represent Units Of