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Which of the following statements best describes the concept of Equivalent Units ?: a. The expression of all units produced in terms of completed units

Which of the following statements best describes the concept of Equivalent Units ?:

a. The expression of all units produced in terms of completed units

b. Damaged units are presumed to come from the previous period

c. It is based on the percentage of costs that will be added in the next period

d. Units actually finished

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