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Costing - Phase (I & II) Methods of Costing

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Equivalent units represent the production of a process in terms of ………..units.

Completed

total production

semi-finished

both a& c

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Explanation:

The term “equivalent units” defines by C.I.M.A. as: “notional whole units representing completed work”. The term 'equivalent production' represents a technique through which incomplete units are expressed as completed units. So it represents the production of a process in terms of completed units.