Question: May 1, work in process: Materials cost, 3,000 units $8,500 Conversion costs, 3,000 units, 66.7% completed 5,800 Materials added during May, 10,000 units 25,200 Conversion

May 1, work in process: Materials cost, 3,000 units $8,500 Conversion costs, 3,000 units, 66.7% completed 5,800 Materials added during May, 10,000 units 25,200 Conversion costs during May 31,300 Goods finished during May, 11,500 units 0 May 31 work in process, 1,500 units, 50% completed 0 All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is Oa. $2.19 Ob. $3.13 Oc. $2.52 Od: $3.98

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