Why is it important to assign costs to equivalent units when such units do not really exist

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Why is it important to assign costs to equivalent units when such units do not really exist in a physical form?

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 19, 2019 11:18 AM

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Why is it important to assign costs to equivalent units when such units do not really exist

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Because of the nature of process costing it is necessary to calculate the unit cost ...View the full answer

Accounting

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