Please do not give solution in image format thanku Beginning inventoryDirect materials costs $19,700Conversion costs $11,600Manufacturing costs added during the accounting period:Direct materials costs $71,000Conversion costs $240,400AWhat is the amount of direct materials cost assigned to ending work-in-process inventory at the endof October? (Round intermediary calculations to the nearest cent.).OA. $22,174OB. $19.065OC. $17,082AA DennearmNext Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,800models. During the month, the company completed 11,100 models, and transferred them to the DistributionDepartment. The company ended the month with 2,600 models in ending inventory. There were 2,900 models inbeginning inventory. All direct materials costs are added at the beginning of the production cycle and conversioncosts are added uniformly throughout the production process. The FIFO method of process costing is beingfollowed. Beginning work in process was 25% complete as to conversion costs, while ending work in process was55% complete as to conversion costs.Beginning inventory.Direct materials costs $19,700Conversion costs $11,600Manufacturing costs added during the accounting period:Direct materials costs $71,000en in AnOA. $22,174B. $19,065OC. $17,082I

Ending work in progress cost is calculated by multiplying the cost per equivalent unit with the…

Beginning inventory Direct materials costs $19,700 Conversion costs $11,600 Manufacturing costs added during the accounting period: 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.) OA. $22,174 OB. $19,065 OC. $17,082 ZA man and 27 Gri Next

Beginning inventory Direct materials costs $19,700 Conversion costs $11,600 Manufacturing costs added during the accounting period: 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.) OA. $22,174 OB. $19,065 OC. $17,082 ZA man and 27 Gri Next

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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