Which Statement Best Describes the Concept of Equivalent Units of Production

question 67

Multiple Choice

Which statement best describes the concept of equivalent units of production?

• A) Equivalent units are a measure of a period's output.
• B) Equivalent units are the units completed in a department.
• C) Equivalent units are the total of the units produced by all departments.
• D) Equivalent units are the number of units completed at the end of the last process.