Kim Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry. The
Question:
Kim Manufacturing uses a process cost
system to manufacture Dust Density
Sensors for the mining industry. The
following information pertains to operations
for the month of May.
Beginning work-in-process
inventory, May 1
16,000
Started in production during May 100,000
Completed production during May 92,000
Ending work-in-process inventory, 24,000
May 31
The beginning inventory was 20% complete
for materials and 60% complete for conversion
costs. The ending inventory was 40%
complete for materials and 90% complete for
conversion costs.
Costs pertaining to the month of May are as
follows:
Beginning inventory costs are materials,
$54,560; direct labor, $20,320; and
factory overhead, $15,240.
Costs incurred during May are materials
used, $468,000; direct labor, $182,880;
and factory overhead, $391,160.
Using the weighted average method, Kim's equivalent units of production for conversion costs
are
A. 98,400 units.
B. 104,000 units.
C. 101,600 units.
D. 113,600 units.
I'w worked on this four hours! I can't seem to get it. Please show all your work