This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started ... (Read 109 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Mar 6, 2021
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,200 models. During the month, the company completed 11,200 models, and transferred them to the Distribution Department. The company ended the month with 2500 models in ending inventory. There were 3500 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$20,200
Conversion costs$11,700
Manufacturing costs added during the accounting period:
Direct materials costs$70,600
Conversion costs$240,600
What is the cost assigned to ending inventory during October?  (Round intermediary calculations to the nearest cent.)
◦ $46,010
◦ $53,705
◦ $58,971
◦ $40,918
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by joesmith1212 on Mar 6, 2021

parker125

  • Sr. Member
  • ****
  • Posts: 332
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.
Answer Preview
Only 30% of students answer this correctly


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Mar 6, 2021
Gracias!

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d Rhytidoplasty. This is a common form of plastic surgery in which the skin is pulled and sutured to d
Paleoanthropologist Jane Moore maps sites at Kanapoi, Kenya Paleoanthropologist Jane Moore maps sites at Kanapoi, Kenya
Many plastic intake manifolds are constructed using many parts glued together to form complex ... Many plastic intake manifolds are constructed using many parts glued together to form complex ...
Shutoff valves must be used on vehicles equipped with plastic fuel lines to isolate the cause of a ... Shutoff valves must be used on vehicles equipped with plastic fuel lines to isolate the cause of a ...
Toys and Gender Labels (1 of 2) Toys and Gender Labels (1 of 2)
October 24, 2023 October 24, 2023
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library