An equivalent unit of material or conversion cost is equal to – McqOptions

MCQOPTIONS

1.	An equivalent unit of material or conversion cost is equal to
A.	The amount of material conversion cost necessary to complete one unit of production.
B.	A unit of work-in-process inventory.
C.	The amount of material or conversion cost necessary to start a unit of production into work in process inventory.
D.	Fifty percent of material or conversion cost of a unit to finished goods inventory
Answer» B. A unit of work-in-process inventory.

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