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The purpose of the equivalent-unit computation is to ________. use a common metric to estimate the amount of work done on units in a period
The purpose of the equivalent-unit computation is to ________.
use a common metric to estimate the amount of work done on units in a period | ||
convert completed units into the amount of partially completed output units that could be made with that quantity of input | ||
satisfy the GAAP requirements which requires all partially completed goods to be reported as equivalent-units | ||
predict the future production capabilities of the organization |
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