Cloud Corporation's accountant is explaining the concept of an equivalent unit to the upper management of Cloud. Regardless of whether FIFO or Weighted Average is used, equivalent units represent: Multiple Choice the units remaining in work in process at the end of the period the number of units that equate materials to conversion costs the units transferred out. the number of units that could have been completed if all work would have been used to produce whole units. the units completed in the current period plus the units in ending work in process inventory