Hello I need help with this. Process cost accounting focuses on huge quantities of a single product that is manufactured using a number of processes. The four main steps involved in process cost accounting to calculate the final cost of a single product are: Record the flow of units of products. Calculate the equivalent units of production (EUP). Calculate the cost per unit of production. Assign costs to finished products. Through this Application, you will learn about the notion of EUP and its necessity in process cost accounting. Answer the following questions: What is the notion of EUP? Explain in simple terms. Why is it necessary to use EUP in process costing?
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