Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bentley enterprises uses process costing to contro

Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for...

60.1K

Verified Solution

Question

Accounting

  1. Bentley Enterprises uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The following information pertains to operations for November. (CMA Exam adapted)

    Units
    Work in process, November 1st 17,200
    Started in production during November 102,400
    Work in process, November 30th 26,400

    The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $56,960; direct labor, $21,520; manufacturing overhead, $16,440. Costs incurred during the month: direct materials, $479,880; direct labor, $214,320; manufacturing overhead, $422,840.

    What are the total costs in the ending Work-in-Process Inventory assuming Bentley uses first-in, first-out (FIFO) process costing?

    $173,976.

    $174,430.

    $178,300.

    $175,840.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The vapor pressure of liquid benzene is 17.7 kPa at 30 ºC and 37.7 kPa at...

Chemistry
Q

What is a solution to the equation 43 x 6 11 0

Geometry
Q

Let f(x) = (x + 1) and g(x) =What is the slope of the curveog'(4)...

Basic Math
Q

Kinmi Financial Corporation is the parent company of Kinmi Bank. The companys stock split was...

Accounting
Q

A company had inventory on November 1 of 5 units at a cost of $16...

Accounting
Q

Dynamo Ltd manufactures calculators. The following information was extracted from the budget for the year...

Accounting
Q

PLEASE ANSWER CLEARLY THANKS :)3 Wilcox Electronics uses a sales journal, purchases journal, cash...

Accounting
Q

Emisin de Moody's y Standard and Poor's _____. a. cartas de crdito comerciales b. calificaciones...

Accounting
Q

(Click on the following icon in order to copy its contents into a spreadsheet)

Accounting
Q

Assume you just purchased 250 shares of Home Depot at $40.00 per share, and 50...

Finance
Q

If D0-$2.25, g (which is constant)-3.5%, and Po-$45, what is the stock's expected dividend yield...

Finance
Q

Construct a Dec 31 2005 balance sheet and income statement for RetailBiz E3-2 RetailBiz,...

Finance