Why is the concept of an equivalent unit important in process costing?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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Question Posted: Mar 19, 2014 11:09 AM

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Why is the concept of an equivalent unit important in process costing?

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It allows us to put units at different stages of completion on equal footing Equivalent units used ...View the full answer

Managerial accounting

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