The Equivalent Units in Beginning Work in Process Inventory Plus

question 325

True/False

The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals the units transferred out plus the equivalent units for the work done during the period.

---

Definitions:

Customer Requirements

Specifications and needs explicitly stated by the customer which a product or service must meet.

Product Decision

The process of defining, developing, and managing the production of goods or services that meet customer needs and preferences.

Manage Risk

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Tolerate Failure

The capacity of an organization or system to endure and learn from failures without suffering catastrophic consequences.