discussion question

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Zlpngfnlf

Business Finance

Description

Please explain the concept of equivalent units. Why does the process costing method use them? Why doesn't job order costing need to use them?

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Explanation & Answer

Attached.

Running head: THE CONCEPT OF EQUIVALENT UNITS

The concept of Equivalent Units
Institution Affiliation
Date

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THE CONCEPT OF EQUIVALENT UNITS

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The concept of equivalent units is a work-in-process inventory that is generated at the end
of an accounting period ...


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