March 24, 2020 at 12:13 am #2967956
Is it only me or this kind of questions way too difficult? Wiley MCQs for BEC are horrible.
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:
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 units of production for conversion costs are
98,400 units.March 24, 2020 at 12:31 am #2967965Finally DoneParticipant
Honestly, some of the MCQs they ask are actually SIM-level questions. A lot of Wiley MCQs *are* more difficult and more long than on the CPA MCQs.March 24, 2020 at 1:49 am #2967998CPAHOPEParticipant
This shouldn't be a hard question, 98400 units
92000+(24000×.4) – (16000×.2)March 24, 2020 at 12:31 pm #2968247
Thank you! I need to study better…March 25, 2020 at 2:20 am #2968748
Who can answer this one? 🙂
Which of the following artificial intelligence information systems cannot learn from experience?
Case-based reasoning systems.
Rule-based expert systems.
- You must be logged in to reply to this topic.