Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the miningindustry. The following information pertains to operations for November. (CMA adapted) \table[[, Units], [Work in process, November 1st, 16, 400], [Started in production during November, 104, 000], [Work inprocess, November 30th, 24, 400]] 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: directmaterials, $54,960; direct labor, $20, 720; manufacturing overhead, $15, 640. Costs incurred during themonth: direct materials, $472, 000; direct labor, $186, 880; manufacturing overhead, $395, 160. What is theequivalent unit cost for the conversion costs assuming Bentley uses first - in, first - out (FIFO) processcosting? Multiple Choice $5.98 Chas Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following informationpertains to operations for November. (CMA adapted)Work in process, November 1stStarted in production during NovemberWork in process, November 30thThe beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% completeas to materials and 40% complete as to conversion costs.Multiple ChoiceUnitsCosts 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?$5.9816,400104,00024,400$5.68

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system. Labour and Overhead Units (Percentage Complete) Work in process inventory, July 1 20,000 40% Started and completed during the month 80.000 Work in process inventory, July 31 40.000 25% All materials are added at the beginning of the manufacturing process. The equivalent units of production for materiai for the month are? $70,000 $90,000 $85,500 s80.000
Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during the month Ending work in process inventory: Units in ending work in process inventory Percent complete with respect to materials Percent complete with respect to conversion The cost per equivalent unit for materials for the month in the first processing department is closest to: Multiple Choice $16.70 $17.95 800 $ 12,900 $ 5,000 75% 20% 9,500 8,400 $ 172,000 $ 240,200 1,900 90% 30%
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