When 1000 units are 60% complete in process it is equivalent to
completed units?
Answers
Answered by
8
Answer:
∵ 600 is the answer
Explanation:
Equivalent units concept is used in contract costing. When number of units are not 100% completed, to carry over to the next process, cost of work in progress will be identified on the basis of % of completion. Basically the number of units are calculated based on their % completion.
In the given situation, % of completion is 60% of 1000 units. Therefore 600 units are to be considered as equivalent units.
plz brainliest me
hope this answer is helpful to u
Similar questions