The Accountant for Whirly Manufacturing Inc The Beginning Inventory Was 60% Complete for Materials and 20

The accountant for Whirly Manufacturing Inc. gathered the following information for the month of November: $$\begin{array} { l c } \text { Beginning WIP } & 16,000 \text { units } \\\text { Started production } & 100,000 \\\text { Completed production } & 92,000 \\\text { Ending WIP } & 24,000\end{array}$$ 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 November are as follows:
Beginning inventory costs are: $$\begin{array} { l r } \text { Materials } & \$ 54,560 \\\text { Direct labour } & 20,320 \\\text { Factory overhead } & 15,240 \\\text { Costs incurred during November include: } \\\text { Materials } & \$ 468,000 \\\text { Direct labour } & 182,880 \\\text { Factory overhead } & 391,160\end{array}$$
Using the FIFO method, the equivalent unit cost of materials for November is:

A) $4.12
B) $4.50
C) $4.60
D) $4.80

Correct Answer:

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