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Author Question: Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started ... (Read 131 times)

joesmith1212

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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
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Marked as best answer by joesmith1212 on Mar 6, 2021

parker125

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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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joesmith1212

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Reply 2 on: Mar 6, 2021
Wow, this really help

ASDFGJLO

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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