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All other drop downs are input or output Explain equivalent units. Why are equivalent-unit calculations necessary in process costing? Equivalent units is a derived number

image text in transcribed All other drop downs are input or output
Explain equivalent units. Why are equivalent-unit calculations necessary in process costing? Equivalent units is a derived number of | | units that takes the quantity of each | | in units completed or in incomplete units in work in process, and converts the quantity of into the number of completed | units that could be made with that quantity of Equivalent unit measures are necessary since all physical units are not completed to the same extent at the same time are not given the same importance in the production process are not produced using the same process do not cost the same to produce

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