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Question Content AreaThe debits to Work in ProcessAssembly Department for May, together with data concerning...

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Accounting

Question Content AreaThe debits to Work in ProcessAssembly Department for May, together with data concerning production, are as follows:May 1, work in process:Line Item DescriptionAmountMaterials cost, 3,000 units$8,600Conversion costs, 3,000 units, 66.7% completed6,000Materials added during May, 10,000 units27,100Conversion costs during May31,100Goods finished during May, 11,500 unitsMay 31 work in process, 1,500 units, 50% completedAll direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May isa. $2.36b. $3.11c. $3.97d. $2.71

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