The Information Below Was Obtained from the Records of the First

question 48

Multiple Choice

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.
$\begin{array} { |l | r | r | } \hline & \text { Number of Units } & \begin{array} { r } \text { Labour and overhead } \\\text { percentage complete }\end{array} \\\hline \begin{array} { l r r } \text { Work in process inventory, } \\\text { May 1 }\end{array} & 10,000 & 40 \% \\\hline \text { Units started } & 64,000 & \\\hline \begin{array} { l } \text { Completed and transferred } \\\text { out }\end{array} & 60,000 & \\\hline \begin{array} { l } \text { Work in process inventory, } \\\text { May 31 }\end{array} & 14,000 & 70 \% \\\hline\end{array}$
All materials are added at the beginning of the process.

-What are the equivalent units of production for labour and overhead for the month of May?

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

---

Definitions:

Free Ride

Benefiting from a service or good without having to bear the cost or effort of obtaining it, usually in the context of public goods.

Illegal File Sharing

The unauthorized distribution of digital content, such as music, movies, or software, over the internet.

Digital Piracy

Digital piracy is the illegal copying, distribution, or use of digital media, such as software, music, movies, and video games, without authorization or payment to the copyright holder.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.