Equivalent units of production are equal to the
a. units completed by a production department in the period.
b. number of whole units that could have been completed if all work of the period had been used to produce whole units.
c. identifiable units existing at the end of the period in a production department.
d. number of units worked on during the period by a production department.

a. units completed by a production department in the period.

Explanation:

An equivalent unit of production -

It is the amount of work which is done by the manufactures on the units of the output , which are completed over the specified time period .

It includes the fully completed units as well as the partially completed units .

These equivalent units are useful for the production cost report of the company .

Hence , the correct statement for equivalent unit of production is , ( a ) .

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o