Kimbeth Manufacturing Makes Dust Density Sensors (DDS), a Safety Device

question 91

Multiple Choice

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:
$\begin{array} { | l | r | } \hline & \text { Units } \\\hline \text { Beginning work in process inventory } & 16,000 \\\hline \text { Started into production during May } & 100,000 \\\hline \text { Completed during May } & 92,000 \\\hline \text { Ending work in process inventory } & 24,000 \\\hline\end{array}$
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:
$\begin{array}{|l|r|r|}\hline & \text { Materials } & \text { Conversion } \\\hline \begin{array}{l}\text { Beginning work-in-process } \\\text { inventory }\end{array} & \$ 54,560 & \$ 35,560 \\\hline \text { Costs incurred during May } & \$ 468,000 & \$ 574,040 \\\hline\end{array}$


- Using the FIFO method,the cost per equivalent unit of materials for May is closest to which of the following?

• A) $4.12.
• B) $4.50.
• C) $4.60.
• D) $4.80.

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Definitions:

Completion

The act of finishing or bringing something to an end, fulfilling all necessary conditions or tasks.

Drowned

Death caused by submersion in and inhalation of water or another liquid.

Effectively Coping

Successfully managing stressful or challenging situations through adaptive and constructive methods.

Aspect Of Grief

A facet or element related to the multifaceted experience of loss, encompassing emotional, physical, and social responses.