Equivalent Units Of Production

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Definition: Equivalent Units Of Production

Equivalent Units Of Production
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Full Definition of Equivalent Units Of Production

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.

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https://payrollheaven.com/define/equivalent-units-of-production/
Modern Language Association (MLA):
Equivalent Units Of Production. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/equivalent-units-of-production/.
Chicago Manual of Style (CMS):
Equivalent Units Of Production. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/equivalent-units-of-production/ (accessed: April 18, 2024).
American Psychological Association (APA):
Equivalent Units Of Production. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/equivalent-units-of-production/

Definition Sources

Definitions for Equivalent Units Of Production are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.