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.

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Definitions:

NPVGO

Net Present Value of Growth Opportunities; the present value of future investments' cash flows minus initial investments.

Dividend Growth Rate

The annual percentage rate of growth of a company’s dividend payments to shareholders.

Investor's Return

The positive or negative shift in an investment's financial value during a set interval, portrayed as a percentage of the investment's initial price.

Stock Price

The cost of purchasing a share of a company's stock, determined by the supply and demand for it in the market.