Kimbull Manufacturing uses a process cost system to manufacture Particle Density Sensors for the mining industry. The following information pertains to operations for the month of May
			Percentage Complete
		Units	Direct Materials	Conversion
Beginning Work in Process Inventory, May 1		18,000	60%	20%
Started in production during May		100,000
Ending Work in Process Inventory		23,000	75%	40%
Beginning Work in Process Inventory Costs:
	Material	$54,560
	Conversion	35,560
Current Period Costs:
	Material	$450,565
	Conversion	589,640
REQUIRED Using he weighted-average method, answer the following questions:
1. How many units were completed and transferred to finshed goods?
2. What are the total equivalent units for each cost component?
3. What is the cost per equivalent unit for each cost component?
4. What is the cost transferred to Finished Goods Inventory?
5. What is the cost of ending WIP inventory?
6. If there was no beginning finished goods inventory for May and 90,000 units were sold in May how much is COGS?