Examlex
The ____ represents a time about 12,000 years ago when northeastern North America and northern Europe reverted to glacial conditions.
Equivalent Units
A concept in cost accounting used to denote the amount of work done on incomplete units, expressed in terms of fully completed units.
Physical Units
A measure of production output or inventory in terms of the actual number of units, as opposed to the cost or value of the units.
Percentage of Completion
A method of accounting for long-term contracts in which income is recognized as a proportion of work completed at certain stages.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units they represent.
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