Pitt enterprises manufactures jeans. all materials are introduced at the beginning of the manufacturing process in the cutting department. conversion costs are incurred uniformly throughout the manufacturing process. as the cutting of material is completed, the pieces are immediately transferred to the sewing department. information for the cutting department for the month of may follows. work in process, may 1 (59,000 units, 100% complete for direct materials 35% complete with respect to conversion costs; includes $88,500 of direct material cost; $52,050 of conversion costs). units started in may 243,000 units completed in may 218,000 work in process, may 31 (84,000 units, 100% complete for direct materials; 20% complete for conversion costs) costs incurred in may direct materials conversion costs $456,840 $ 428,300 if pitt enterprises uses the fifo method of process costing, compute the cost per equivalent unit for direct materials and conversion costs respectively for may multiple choice $1.88; $2.00. 45u,840 s0.79; $2.88. $2.88: $0.70. $2.88; $2. 88. $4.41; $4.41.

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.