Fact Pattern: 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.

	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: Beginning inventory costs are materials, $54,560; direct labor, $20,320; and overhead, $15,240. Costs incurred during May are materials used, $468,000; direct labor, $182,880; and overhead, $391,160. Using the FIFO method, Kimbeths equivalent unit conversion cost for May is Group of answer choices $5.65 $5.83 $6.00 $6.20