2015年1月28日CMA每日一道练习题来啦！各位考生你HOLD住了吗？
　　Question：
　　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 116,000
Started in production during May100,000
Completed production during May92,000
Ending work-in-process inventory, May 3124,000
　　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, Kimbeth’s equivalent units of production for conversion costs are
　　A. 85,600 units.
　　B. 95,200 units.
　　C. 88,800 units.
　　D. 98,400 units.
　　Answer（D）：
　　Answer (A) is incorrect. This number of units omits the work done on beginning work-in-process.
　　Answer (B) is incorrect. This number of units assumes the beginning work-in-process was 40% complete as to conversion costs.
　　Answer (C) is incorrect. This number of units omits the work done on ending work-in-process.
　　Answer (D) is correct. The beginning inventory was 20% complete as to conversion costs. Hence, 12,800 EUP (16,000 units × 80%) were required for completion. EUP for units started and completed equaled 76,000 [(92,000 completed units – 16,000 units in BWIP) × 100%]. The work done on ending work-in-process totaled 9,600 EUP (24,000 units × 40%). Thus, total EUP for May are 98,400 (12,800 + 76,000 + 9,600).
　　小编语录：努力和效果之间，永远有这样一段距离。成功和失败的*10区别是，你能不能坚持挺过这段无法估计的距离。