Equivalent units are the number of units completed at the end of the last process.
What is the equivalent unit?
Equivalent units describe how much work has been done on a certain number of physical items. To simply calculate equivalent units, you can multiply the number of physical items by the percentage of the work done on them. For two items that are 50% done, you would have one equivalent unit (2 x 50% = 1).
What are the equivalent units of production?
The output of a department is always stated in terms of equivalent units of production. The concept of equivalent units is defined as the number of units that would have been produced given the total amount of manufacturing effort expended for a given period.
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