Reference: 04-09
Kimbeth Manufacturing Makes Dust Density Sensors (DDS), a Safety

question 39

Multiple Choice

Reference: 04-09
Kimbeth Manufacturing makes Dust Density Sensors (DDS) , a safety device for the mining industry. The company uses a process costing system and has only a single processing department. The following information pertains to operations for the month of May: $\begin{array}{|l|l|}\hline & \text { Units } \\\hline \text { Beginning work in process inventory } & 16,000 \\\hline \text { Started into production during May } & 100,000 \\\hline \text { Completed during May } & 92,000 \\\hline \text { Ending work in process inventory } & 24,000 \\\hline\end{array}$
The beginning work in process inventory was $60 \%$ complete with respect to materials and $20 \%$ complete with respect to conversion costs. The ending work in process inventory was $90 \%$ complete with respect to materials and $40 \%$ complete with respect to conversion costs. The costs were as follows:
$\begin{array}{|l|l|l|}\hline & \text { Conversion } & \text { Materials } \\\hline \text { Beginning work in process inventory } & \$ 54,560 & \$ 35,560 \\\hline \text { Costs incurred during May } & \$ 468,000 & \$ 574,040 \\\hline\end{array}$
-Using the FIFO method, the equivalent unit cost of materials is

• A)$6.40.
• B)$5.40.
• C)$4.76.
• D)$5.52.

Grasp the principles of visual processing within the retina and the brain.

Understand how the autonomic nervous system regulates organ activities and how it is involved in physiological responses.

Understand the mechanisms and structures involved in non-REM and REM sleep.

Describe the functional specialization and lateralization of the cerebral hemispheres.

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Definitions:

Contract

A contract among two or more entities that is legally enforceable.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.

Consideration

Something of value promised to another when making a contract that motivates both parties to enter into the agreement.

Mistake Of Fact

A legal defense in which an individual argues that a misunderstanding of fact rather than law led to the action that constituted an alleged offense.