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Summary This learning objective explains how to assign costs to: multiple choice 1 the equivale $7.99   Add to cart
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Summary This learning objective explains how to assign costs to: multiple choice 1 the equivale
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This learning objective explains how to assign costs toThis learning objective explains how to assign costs to: multiple choice 1 the equivalent units in ending work in process inventory and the units started and completed. the equivalent units in beginning work in process inventory and the u...

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  • October 13, 2024
  • 3
  • 2024/2025
  • Summary

Subjects

  • this learning objective explains how to assign cos
  • particularly when using process costing
  • costs are assigned to products based on their sta

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This learning objective explains how to assign costs to: multiple choice 1 the

equivalent units in ending work in process inventory and the units started and

completed. the equivalent units in beginning work in process inventory and the

units started and completed. the equivalent units in ending work in process

inventory and the units completed and transferred out. the equivalent units in

beginning work in process inventory and the units completed and transferred

out.




Answer & Explanation


The correct answer is: the equivalent units in ending work in process

inventory and the units completed and transferred out.


Explanation:


In cost accounting, particularly when using process costing, costs are assigned

to products based on their stage of completion. The concept of equivalent units

is used to allocate costs between completed products and those still in progress

at the end of a period.

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