Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations

image text in transcribed

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 adapted) Work in process, November 1st Started in production during November Mork in process, November 30th Units 16,000 100,000 24,000 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, $54.560: direct labor $20.320 manufacturing overhead, $15.240 Costs incurred during the month direct materials, $468.000, direct labor $182.880 manufacturing overhead. $391060 What is the equivalent unit cost for the conversion costs assuming Bentley uses weighted average process costing? Multiple Choice 55.65 $5.83 $6.00 $6.20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

MIS Essentials

Authors: David M. Kroenke

4th edition

978-0133546590, 133546594, 978-0133807479

More Books

Students also viewed these Accounting questions

Question

3. Call on low achievers as often as you do high achievers.

Answered: 1 week ago