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Homework answers / question archive / Ambeth Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry
Ambeth 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 1998.
Units
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, May 31
24,000
The beginning inventory was 60% complete for materials and
20% complete for conversion costs.
Costs pertaining to the month of May are as follows:
?
Beginning inventory costs are materials, P54,560; direct
labor, P20,320; and factory overhead, P15,240.
?
Costs incurred during May are materials used, P468,000;
direct labor, P182,880; and factory overhead, P391,160
Using the weighted-average method, the equivalent unit cost of
materials for May is
a.
P4.12
b.
P4.50
c.
P4.60
d.
P5.68
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