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

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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Inventory Accounting

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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

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