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24 asap Kimbeth Manufacturing uses a process cost system...

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Accounting

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Kimbeth 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 2012: The beginning inventory was 60% cpmplete for materials and 20% complete for conversion costs. The ending inventory was 90% complete for materials and 40% complete for conversion costs. Costs pertaining to the month of May are as follows: The beginning inventory costs are: materials, $54,560; direct labor, $20,320; and factory overhead, $15,240. Costs incurred during May are: materials used, \$468,000; direct labor, \$182,880; and factory overhead, $391,160. Using the FIFO method, the total cost of units in the ending work in process inventory at May 31 is $145,800$156,960$153,168$155,328

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