Author Question: Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started ... (Read 118 times)

newyorker26 · **on:** Mar 6, 2021

Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,300 models. During the month, the company completed 11,900 models, and transferred them to the Distribution Department. The company ended the month with 1100 models in ending inventory. There were 2700 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 25% complete as to conversion costs, while ending work in process was 50% complete as to conversion costs.

Beginning inventory:

Direct materials costs

$20,200

Conversion costs

$11,400

Manufacturing costs added during the accounting period:

Direct materials costs

$70,500

Conversion costs

$241,000

How many of the units that were started and completed during October?
◦ 14,600
◦ 9200
◦ 8825
◦ 10,300

sultansheikh · **Reply #1 on:** Mar 6, 2021

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