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Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,800 models. During the month, the company completed 11,100 models, and transferred
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,800 models. During the month, the company completed 11,100 models, and transferred them to the Distribution Department. The company ended the month with 2,600 models in ending inventory. There were 2,900 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 55% complete as to conversion costs. Beginning inventory: Direct materials costs $19,700 Conversion costs $11,600 Manufacturing costs added dunng the accounting period: Direct materials costs $71,000 A. $22,174 B. $19,065 C. $17.082 Beginning inventory Direct materials costs $19.700 Conversion costs $11,600 Manufacturing costs added duning the accounting periad: Direct materials costs $71,000 Conversion costs $240,400 What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of October? (Round intermediary calculations to the nearest cent.) A. $22,174 B. $19,065 C. $17.082
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