Equvalent Units Flashcards
1
Q
FIFO EU
A
Begin WIP x % 2b complete \+ Units complete - begin WIP \+ End WIP x % completed = EU
2
Q
Weighted average cost per EU
A
Begin cost + current cost / EU
3
Q
FIFO cost per EU
A
Current cost only / EU
4
Q
Weighted average EU
A
Units completed + ending WIP x % completed = EU