19.

The Plastic Toy Company manufactures plastic toy components and model cars. During October, the firm's Forming Department started production of 60,000 models. During the month, the firm completed 66,000 models and transferred them to the Finishing Department. The firm ended the month with 22,000 models in ending inventory. There were 28,000 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 used by Morgan. 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 $ 39,200 Conversion Costs $ 30,800 Manufacturing costs added during the accounting period Direct materials costs $ 90,000 Conversion costs $280,000 (Drag your answer to the boxes below) What were the equivalent units for conversion costs during October? What are the cost of goods transferred out for October? 340,000 None of these are correct 21,000 70,000 None of these are correct $375,000 $330,000 87,000 $363,000 62,000