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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:






















Units
Beginning work in process inventory, May 1 16,000
Started in production during May 100,000
Completed production during May 92,000
Ending work in process inventory, May 31 24,000

The beginning inventory was 60% complete 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 equivalent unit conversion
cost for May is