Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bentley enterprises uses process costing to contro

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for...

70.2K

Verified Solution

Question

Accounting

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)
\table[[,Units],[Work in process, November 1st,16,400],[Started in production during November,104,000],[Work in process, November 30th,24,400]]
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, $54,960; direct labor, $20,720; manufacturing overhead, $15,640.
Costs incurred during the month: direct materials, $472,000; direct labor, $186,880; manufacturing overhead, $395,160.
What is the equivalent unit cost for the conversion costs assuming Bentley uses first-in, first-out (FIFO) process costing?
Multiple Choice
$5.98
Chas
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students