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Equivalent Units of Production Definition

By Sana Ahmed March 19, 2014 #Define Equivalent Units, #Equivalent Units, #Equivalent Units of Production, #Equivalent Units of Production Definition

Equivalent Units of Production Definition:

The product of the number of partially completed units and their percentage of completion with respect to a particular cost. Equivalent units are the number of complete whole units one could obtain from the materials and effort contained in partially completed units.
Equivalent units of production