Question

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. UnitsBeginning work-in-process inventory, May 116,000Started in production during May100,000Completed production during May92,000Ending work-in-process inventory, May 3124,000

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: 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.

a.) Using the weighted-average method, the equivalent unit cost of materials for May is __________?

b.) Using the weighted-average method, the equivalent unit conversion cost for May is __________?

c.) Using the weighted-average method, the total cost of the units in the ending work-in-process inventory at May 31 is

__________?

Answer 1