Reference: 04-07
the Information Below Was Obtained from the Records

question 1

Multiple Choice

Reference: 04-07
The information below was obtained from the records of the first processing department of Moore Company for the month of May. The company uses the weighted-average method in its process costing system. $$\begin{array} { | l | l | l | } \hline & \text { Units } & \begin{array} { l } \text { Labour and Overhead } \\\text { (Percentage Complete) }\end{array} \\\hline \text { Work in process, May 1 } & 10,000 & 40 \% \\\hline \text { Units started } & 64,000 & \\\hline \text { Completed and transferred out } & 60,000 & \\\hline \text { Work in process, May 31 } & 14,000 & 70 \% \\\hline\end{array}$$ All materials are added at the beginning of the process.
-The equivalent units of production for labour and overhead for the month of May were

• A)69,800 units.
• B)73,800 units.
• C)65,800 units.
• D)60,000 units.

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Definitions:

Extraversion

A personality trait characterized by outgoingness, high levels of activity, and a tendency to seek stimulation and the company of others.

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups, often dictating what is considered acceptable or unacceptable within that society.

Electronically Activated Records

A method of collecting data that uses electronic devices to record certain types of behavioral data.

Conscientious People

Individuals who are diligent, careful, and meticulous; often reliable and responsible.