Equvalent Units Flashcards

1
Q

FIFO EU

A
Begin WIP x % 2b complete
\+
Units complete - begin WIP
\+
End WIP x % completed
= EU
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2
Q

Weighted average cost per EU

A

Begin cost + current cost / EU

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3
Q

FIFO cost per EU

A

Current cost only / EU

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4
Q

Weighted average EU

A

Units completed + ending WIP x % completed = EU

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