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Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094

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BuyFindarrow_forward

Accounting

27th Edition
WARREN + 5 others
ISBN: 9781337272094
Textbook Problem

What is the purpose for determining the cost per equivalent unit?

To determine

Process costs

It is a method of cost accounting, which is used where the production is continuous, and the product needs various processes to complete. This method is used to ascertain the cost of the product at each process or stage of production.

Cost per unit

Total cost per unit is the cost incurred by the company to manufacture one unit of product. The unit cost is calculated by dividing the units produced with the total cost during the period.

To Identify: The purpose for determining the cost equivalent per unit.

Explanation

Cost equivalent per unit is used to assign the direct materials and conversion cos...

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