- This topic has 4 replies, 3 voices, and was last updated 4 years, 5 months ago by .
-
Topic
-
Is it only me or this kind of questions way too difficult? Wiley MCQs for BEC are horrible.
Kimbeth Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May 2012:
Units
Beginning work in process inventory, May 1 16,000
Started in production during May 100,000
Completed production during May 92,000
Ending work in process inventory, May 31 24,000
The beginning inventory was 60% complete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs.Costs pertaining to the month of May are as follows:
The beginning inventory costs are: materials, $54,560; direct labor, $20,320; and factory overhead, $15,240.
Costs incurred during May are: materials used, $468,000; direct labor, $182,880; and factory overhead, $391,160.
Using the FIFO method, the equivalent units of production for conversion costs are85,600 units.
88,800 units.
95,200 units.
98,400 units.
- You must be logged in to reply to this topic.