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 123 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
Excellent

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Disposable plastic cover placed over probe Disposable plastic cover placed over probe
The Limbourg Brothers, October, from Les Très Riches Heures du Duc de Berry. The Limbourg Brothers, October, from Les Très Riches Heures du Duc de Berry.
Chrysler also recommends that a clear plastic hose (1/4" ID) be attached to the bleeder valve ... Chrysler also recommends that a clear plastic hose (1/4" ID) be attached to the bleeder valve ...
A plastic MAP sensor used for training purposes showing the electronic circuit board and electrical ... A plastic MAP sensor used for training purposes showing the electronic circuit board and electrical ...
Notice the small motor gear on the left drives a larger plastic gear (black), which then drives ... Notice the small motor gear on the left drives a larger plastic gear (black), which then drives ...
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library