Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA adapted) Work in process, November 1st Started in production during November Work in process, November 30th The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete. as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,960, direct labor, $20,720; manufacturing overhead, $15,640. Costs incurred during the month: direct materials, $472,000; direct labor, $186,880, manufacturing overhead, $395,160. What is the equivalent unit cost for the conversion costs assuming Bentley uses first-in, first-out (FIFO) process costing? Multiple Choice $5.98 Units 16,400 104,000 24,400 2550
Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA adapted) Work in process, November 1st Started in production during November Work in process, November 30th The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete. as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,960, direct labor, $20,720; manufacturing overhead, $15,640. Costs incurred during the month: direct materials, $472,000; direct labor, $186,880, manufacturing overhead, $395,160. What is the equivalent unit cost for the conversion costs assuming Bentley uses first-in, first-out (FIFO) process costing? Multiple Choice $5.98 Units 16,400 104,000 24,400 2550
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...
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