Examlex
Most new manufacturing facilities use:
Equivalent Units
A measure used in cost accounting to express the amount of work done by manufacturers in terms of fully completed units, accounting for partially completed goods as well.
Physical Units
A measure of quantity in terms of countable items or units, often used in production and inventory contexts.
Units Started
Units Started refers to the quantity of production units that have begun the manufacturing process in a given period but may not yet be completed.
Ending Work
Refers to the work in process (WIP) at the end of an accounting period, used in calculating the cost of goods manufactured.
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