Kastle Manufacturing uses a process-costing system to manufacture Dust Density Sensors for the mining industry. The following information pertains to operations and costs for the month of May, Year 5.

Units

Beginning work-in-process inventory, May 1

40,000

Started in production during May

120,000

Completed production during May

100,000

Ending work-in-process inventory, May 31

60,000

The beginning inventory was 50% complete for materials and 25% complete for conversion costs. The ending inventory was 50% complete for materials and 20% complete for conversion costs.

Using the weighted-average method, the equivalent-unit conversion cost for May is: (Round your answer to the nearest cent.)

1.

$ 6.75

2.

$ 5.41

3.

$ 5.19

4.

$ 6.03