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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Which of the following best describes the term ‘equivalent units’ when using the FIFO method?
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A The number of units worked on during a period including the opening and closing stock units.
B The number of whole units worked on during a period ignoring the levels on completion of opening and closing stock units.
C The number of effective whole units worked on during a period allowing for the levels of completion of opening and closing stock units.
D The total number of whole units started during a period ignoring the opening stock units as these were started in the previous period.
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