1,000 units are 40% complete. Their equivalent whole units number
A4,000
B600
C400
D40
Answer & Solution
Correct answer: C. 400
Equivalent units equal units multiplied by percentage complete: 1,000 times 0.40 is 400.
Keep practising Process Costing
Browse all Process Costing questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
Feedback from process costing helps managers toProcess costing is a type ofWhich by-product comes from wine fermentation?Gasoline was once a by-product ofHides and leather from beef production may be calledBy-products are called co-products when they areBy-product NRV is recognized as other income or asBy-products conventionally get what share of joint costs?