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What is a meant by the term equivalent units of production when the weighted-average method is used?

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What is a meant by the term equivalent units of production when the weighted-average method is used?
Answered Same Day Dec 24, 2021

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David answered on Dec 24 2021
115 Votes
What is a meant by the term equivalent units of production when the weighted-
average method is used?
Equivalent units of production are a managerial accounting calculation that
estimates the number of units that could have been started and completed if all
esources were devoted to these units during a period. It is a cost accounting
concept and this has been calculated in process costing. This term is applied to
the work in...
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