Homework Help is Here – Start Your Trial Now!
Business
Accounting
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) Units 16,100 101,000 24,100 Work in process, November 1st Started in production during November Work in process, November 30th The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending inventory was 80% complete as to materials and 30% complete to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,660; direct labor, $20,420; manufacturing overhead, $15.340. Costs incurred during the month: direct materials, $469,000, direct labor, $183.880; manufacturing overhead, $392.160. What is the equivalent unit cost for materials assuming Bentley uses first-in, first-out (FIFO) process costing? Multiple Choice OOOO $4.76 $4.64 $4.66 $3.98

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) Units 16,100 101,000 24,100 Work in process, November 1st Started in production during November Work in process, November 30th The beginning inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending inventory was 80% complete as to materials and 30% complete to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,660; direct labor, $20,420; manufacturing overhead, $15.340. Costs incurred during the month: direct materials, $469,000, direct labor, $183.880; manufacturing overhead, $392.160. What is the equivalent unit cost for materials assuming Bentley uses first-in, first-out (FIFO) process costing? Multiple Choice OOOO $4.76 $4.64 $4.66 $3.98

Managerial Accounting
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...
See similar textbooks
icon
Related questions
Question

Vinubhai

 

Dot's upload image please 

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) Units 16,100 101,000 24,100 Work in process, November 1st Started in production during November Work in process, November 30th The beginning Inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending Inventory was 80% complete as to materials and 30% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,660; direct labor, $20,420; manufacturing overhead, $15,340. Costs incurred during the month: direct materials, $469,000; direct labor, $183,880; manufacturing overhead, $392,160. What is the equivalent unit cost for materials assuming Bentley uses first-In, first-out (FIFO) process costing? Multiple Choice O O O $4.76 $4.64 $4.66 $3.98
Transcribed Image Text: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) Units 16,100 101,000 24,100 Work in process, November 1st Started in production during November Work in process, November 30th The beginning Inventory was 70% complete as to materials and 10% complete as to conversion costs. The ending Inventory was 80% complete as to materials and 30% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $54,660; direct labor, $20,420; manufacturing overhead, $15,340. Costs incurred during the month: direct materials, $469,000; direct labor, $183,880; manufacturing overhead, $392,160. What is the equivalent unit cost for materials assuming Bentley uses first-In, first-out (FIFO) process costing? Multiple Choice O O O $4.76 $4.64 $4.66 $3.98
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Merchandise Inventory
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS