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 Exam adapted)

	Units
Work in process, November 1st		16,700
Started in production during November		107,000
Work in process, November 30th		24,700

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, $55,260; direct labor, $21,020; manufacturing overhead, $15,940. Costs incurred during the month: direct materials, $475,000; direct labor, $189,880; manufacturing overhead, $398,160. What is the equivalent unit cost for the conversion costs assuming Bentley uses weighted-average process costing?

$5.94.

$5.25.

$5.74.

$5.57.

The Chart Company has a process cost system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September, 57,000 units were started; 5,700 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were:

49,020.

54,720.

45,600.

57,000.