Bentley Enterprises uses process costing to control costs in themanufacture of Dust Sensors for the mining industry. The followinginformation pertains to operations for November. (CMA Exam adapted)Units Work in process, November 1st 17,500 Started in productionduring November 115,000 Work in process, November 30th 25,500 Thebeginning inventory was 70% complete as to materials and 10%complete as to conversion costs. The ending inventory was 90%complete as to materials and 30% complete as to conversion costs.Costs pertaining to November are as follows: Beginning inventory:direct materials, $56,060; direct labor, $21,820; manufacturingoverhead, $16,740. Costs incurred during the month: directmaterials, $483,000; direct labor, $197,880; manufacturingoverhead, $406,160. What is the equivalent unit cost for theconversion costs assuming Bentley uses first-in, first-out (FIFO)process costing?
$4.85. $5.37. $5.27. $5.35.
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