In: Accounting
THE Company operates two departments, the assembly department and the shipping department. During May, the assembly department reported the following information: % complete % complete units DM conversion work in process, May 1 46,000 55% 39% units started during May 68,000 work in process, May 31 23,000 60% 75% The cost of beginning work in process and the costs added during May were as follows: DM Conversion work in process, May 1 $ 62,880 $ 75,775 costs incurred during May $345,840 $660,325 THE Company uses a weighted average process costing system. The unit cost in May with respect to direct materials was equal to:
Group of answer choices
$5.00
$3.90
$4.23
$5.14
$3.30
none of the above choices are correct