40) Which of the following statement(s) is or are TRUE? A) Process costing averages costs over large numbers of nearly identical products. B) Job-order costing only applies to specific jobs with a single physical unit. C) Companies that use job-order costing normally have uniform production steps. D) Regardless of the nature of a company's production system, there will always be common resources that are shared among different product groups. E) All of the above are true. 41) During the month of May, Sonny Company transferred 140,000 gadgets to Finished Goods Inventory. There was no beginning work-in-process inventory. The company had 40,000 gadgets in process at May 31 and the gadgets were 75 percent complete with respect to conversion costs. All direct materials are added at the end of the production process. The equivalent units for conversion costs for May are A) 140,000 B) 150,000 C) 170,000 D) 180,000 E) My calculation is