Equivalent units for a process costing system, using the weighted$-$average method, would be equal to:

Multiple Choice

units completed during the period minus equivalent units in the beginning inventory, plus equivalent units in the ending work$-$in$-$process inventory.

units completed during the period and transferred out.

units completed during the period plus equivalent units in the ending work$-$in$-$process inventory.

units started and completed during the period plus equivalent units in the ending work$-$in$-$process inventory.

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