Equivalent units of production are: 1. Work performed during the period. 2. Sales generated during the period. 3. Units of work-in-process inventory. 4. Finished goods inventory.
The equivalent units of the production is an expression of the amount of the works done by manufacturers in the units of the outputs that are partially complete and the end of the accounting period
Are found in the full and the partially completed units and these cost units are reported by the production department of the manufactures and that needs a process costing system.
