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match the apropiate definitio Match the appropriate definition with the correct term A costing method used when homogeneous products are produced on a continuous basis

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Match the appropriate definition with the correct term A costing method used when homogeneous products are produced on a continuous basis The product of the number of partially completed units and their percentage of completion with respect to 1. Equivalent units of production a particular cost. (weighted average method) The units transferred to the 2. Process costing next department (or finished goods) during the 3. Equivalent units period plus the equivalent units in the department's 4. Weighted average method ending work in process inventory A process costing method that calculates unit costs by combining costs and outputs from the current and prior periods

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