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: The beginning inventory was 60 percent complete for materials and 20 percent complete for conversion costs. The ending inventory was 90 percent complete for materials and 40 percent complete for conversion costs. Costs pertaining to the month of May are as follows: 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 weighted average method What is the equivalent unit cost of material What is the equivalent unit cost of conversion cost What is the total cost of the units in the ending work in process inventory What is the amount of the completed and transferred out units
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: The beginning inventory was 60 percent complete for materials and 20 percent complete for conversion costs. The ending inventory was 90 percent complete for materials and 40 percent complete for conversion costs. Costs pertaining to the month of May are as follows: 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 weighted average method What is the equivalent unit cost of material What is the equivalent unit cost of conversion cost What is the total cost of the units in the ending work in process inventory What is the amount of the completed and transferred out units
Chapter5: Process Costing
Section: Chapter Questions
Problem 11MC: Beginning inventory and direct material cost added during the month total $55,000. What is the value...
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Kimbeth Manufacturing uses a
The beginning inventory was 60 percent complete for materials and 20 percent complete for conversion costs. The ending inventory was 90 percent complete for materials and 40 percent complete for conversion costs.
Costs pertaining to the month of May are as follows:
- 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 weighted average method
- What is the equivalent unit cost of material
- What is the equivalent unit cost of conversion cost
- What is the total cost of the units in the ending work in process inventory
- What is the amount of the completed and transferred out units
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