Question 12 Kimberly Manufacturing uses a process-costing system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May, Year 5. Units Beginning work-in-process inventory, May 1 16,000 Started in production during May 100,000 Ending work-in-process inventory, May 31 24,000 The beginning inventory was 60% complete for direct materials and 20% complete for conversion costs. The ending inventory was 90% complete for direct materials and 40% complete for conversion costs. Costs pertaining to the month of May are as follows: Beginning inventory costs are direct materials, $54,560; direct manufacturing labor $20,320; and manufacturing overhead, $15,240. Costs incurred during May are direct materials used, $468,000; direct manufacturing labor, $182,880; and manufacturing overhead, $391,160. Using the weighted-average method, what would be the equivalent-unit conversion cost (CCEU)?
Kimberly Manufacturing uses a process-costing system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations for the month of May, Year 5.
Units
Beginning work-in-process inventory, May 1 16,000
Started in production during May 100,000
Ending work-in-process inventory, May 31 24,000
The beginning inventory was 60% complete for direct materials and 20% complete for conversion costs. The ending inventory was 90% complete for direct materials and 40% complete for conversion costs. Costs pertaining to the month of May are as follows:
Beginning inventory costs are direct materials, $54,560; direct manufacturing labor $20,320; and manufacturing
Costs incurred during May are direct materials used, $468,000; direct manufacturing labor, $182,880; and manufacturing overhead, $391,160. Using the weighted-average method, what would be the equivalent-unit conversion cost (CCEU)?
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