Which of the following is the best explanation of the relevance of equivalent production units in process costing? o a. A means of equalizing production charges into stock each period o b. The expression of losses in terms of an equivalent number of units of good production in order that their value may be calculated O c. The conversion of partly completed units into an equivalent number of completed units in order that costs may be shared equitably o d. A means by which the output achieved may be compared with the equivalent quantity budgeted for the period under review Question 1