Question

In: Accounting

THE Company operates two departments, the assembly department and the shipping department. During May, the assembly...

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

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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