The equivalent units of production for materials for the month of May were

A) 74,000 units.
B) 64,000 units.
C) 60,000 units.
D) 69,800 units.

Weighted-Average Method

A cost accounting technique that assigns the same average cost to both ending inventory and the cost of goods sold.

Process Costing System

An accounting system used to calculate the cost of a product at various stages of production, commonly used in industries that produce homogeneous goods.

First Processing Department

The initial stage of the manufacturing process where raw materials start to be transformed into a product.