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Author Question: Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started ... (Read 73 times)

berenicecastro

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on: Mar 6, 2021
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,400 models. During the month, the company completed 11,200 models, and transferred them to the Distribution Department. The company ended the month with 2200 models in ending inventory. There were 3000 models in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is being followed. Beginning work in process was 30% complete as to conversion costs, while ending work in process was 55% complete as to conversion costs.

Beginning inventory:
Direct materials costs$20,000
Conversion costs$11,000
Manufacturing costs added during the accounting period:
Direct materials costs$70,500
Conversion costs$240,300
What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of October? 
(Round intermediary calculations to the nearest cent.)
◦ $19,783
◦ $20,337
◦ $10,923
◦ $14,916
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by berenicecastro on Mar 6, 2021

jennafosdick

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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berenicecastro

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

ashely1112

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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