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Cost per equivalent unit of materials

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Reference no: EM13490942

Kimbeth Manufacturing makes Dust Density Sensors (DDS), a safety device for the mining industry. The company uses a process costing system and has only a single processing department. The following information pertains to operations for the month of May:

The beginning work in process inventory was 60% complete with respect to materials and 20% complete with respect to conversion costs. The ending work in process inventory was 90% complete with respect to materials and 40% complete with respect to conversion costs. The costs were as follows:

1665_Lowler Corporation5.png

Using the FIFO method, the cost per equivalent unit of materials for May is closest to:

Answer

$4.12

$4.50

$4.60

$4.80

Reference no: EM13490942

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