Q. An equivalent unit of material or conversion cost is equal to (Solved)
1. The amount of material conversion cost necessary to complete one unit of production.
2. A unit of work-in-process inventory.
3. The amount of material or conversion cost necessary to start a unit of production into work in process inventory.
4. Fifty percent of material or conversion cost of a unit to finished goods inventory
- a. The amount of material conversion cost necessary to complete one unit of production.