ECONOMICS

Detailed explanation-1: -Equivalent units are partially completed units in the work in process (ending) to be converted. Equivalent units can be calculated by simply multiplying the percentage of completion to the number of physical units.

Detailed explanation-2: -Equivalent units describe how much work has been done on a certain number of physical items. To simply calculate equivalent units, you can multiply the number of physical items by the percentage of the work done on them. For two items that are 50% done, you would have one equivalent unit (2 x 50% = 1).

Detailed explanation-3: -Partially completed units converted to the equivalent completed units; calculated by multiplying the number of physical units on hand by the percentage of completion of the physical units.

Detailed explanation-4: -An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

Detailed explanation-5: -Equivalent units-a measure of the amount of work done during a period expressed in terms of fully complete units of. output. Number of. Number of partially.