This calculation can be done by both the FIFO (First-in, first-out) method or a weighted average. The outcome will assess how many units are produced against how much does it cost to produce one unit.
Related information about equivalent units of production:
- Equivalent Units of Production-FIFO-Weighted Average Method ...
Equivalent units of production can be calculated in two different ways first is weighted average method and the second is first in first out FIFO method formula.
- 20-- The Concept of Equivalent Units of Production - YouTube
Dec 12, 2011 ... An overview of the concept of equivalent units of production, to accompany http:// www.principlesofaccounting.com Chapter 20, Process Costing ...
- equivalent units of production definition | AccountingCoach.com
A term used in cost accounting to arrive at the cost per unit. The term is associated with the units that are not completed.
- What are equivalent units of production? - Questions & Answers ...
Aug 10, 2011 ... Equivalent units of production is a term applied to the work-in-process inventory at the end of an accounting period. It is the number of ...
- What is equivalent units of production? definition and meaning
Definition of equivalent units of production: Number of units of an item that could have been produced with the given material and processing costs in an ...
- How to Calculate Equivalent Units of Production | eHow.com
How to Calculate Equivalent Units of Production. When labor, material and overhead costs have been accumulated, there's only one thing left to calculate: ...
- Multiple Choice Quiz - The McGraw-Hill Companies
In order to compute equivalent units of production, which of the following must ... If Jones uses weighted-average costing, the equivalent units of production for ...
- What Are Equivalent Units of Production?
Equivalent units of production are used to account for products still in manufacturing at the end of a reporting period. Failing to include these in a report would ...