ECONOMICS

Detailed explanation-1: -Answer and Explanation: The correct answer is c) physical units accounted for equals the units to be accounted for. When preparing the production cost report, the total physical units of the inventory by the company equates to the units accounted for.

Detailed explanation-2: -Which statement is true concerning a production cost report? It shows equivalent units of production and physical units.

Detailed explanation-3: -Total cost of production= Cost of labor Cost of raw materials ie Overhead costs on manufacturing.

Detailed explanation-4: -Cost of production is the total cost incurred by a business to either produce a product or offer their services. Production costs typically include supplies and raw materials that are consumed during production, along with labor expenses.