Kimball Manufacturing uses a process-costing system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations and costs for the month of May, Year 5 (Click the icon to view the information) (Click the icon to view May's costs) The beginning inventory was 75% complete for direct materials and 40% complete for conversion costs. The ending inventory was 75% complete for direct materials and 35% complete for conversion costs Using the weighted average method, the equivalent unit conversion cost for May is (Round your answer to the nearest cent) 01. 1683 02 30 31 03. $566 04 5921 Data table Beginning work-in-process inventory, May 1 Started in production during May Completed production during May Ending work in process inventory, May 31 Units 30,000 110.000 70,000 70.000 - X More info D Beginning inventory costs are direct materals $70.000, direct manufacturing labor $28,000, and manufacturing overhead, 121,000 Costs incurred during May are direct materials used, $482000 dec manufacturing labor, $100,000, and manufacturing overhead $400.000

Kimball Manufacturing uses a process-costing system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations and costs for the month of May, Year 5 (Click the icon to view the information) (Click the icon to view May's costs) The beginning inventory was 75% complete for direct materials and 40% complete for conversion costs. The ending inventory was 75% complete for direct materials and 35% complete for conversion costs Using the weighted average method, the equivalent unit conversion cost for May is (Round your answer to the nearest cent) 01. 1683 02 30 31 03. $566 04 5921 Data table Beginning work-in-process inventory, May 1 Started in production during May Completed production during May Ending work in process inventory, May 31 Units 30,000 110.000 70,000 70.000 - X More info D Beginning inventory costs are direct materals $70.000, direct manufacturing labor $28,000, and manufacturing overhead, 121,000 Costs incurred during May are direct materials used, $482000 dec manufacturing labor, $100,000, and manufacturing overhead $400.000

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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