Answer the Following Questions Using the Information Below

question 19

Multiple Choice

Answer the following questions using the information below:
The Morgan Models company manufacturers replica plastic airplane and motorized vehicle models. During October, the firm's Assembly 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:
Manufacturing costs added during the accounting period:

-How many of the units that were started during October were completed during October?

• A)30,000
• B)38,000
• C)32,000
• D)60,000

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Definitions:

Ordinance

A piece of legislation enacted by a municipal authority covering matters not already covered by federal or state law.

Cost Benefit Analysis

An evaluation process that compares the costs and benefits of a project or decision to determine its viability or worth.

Environmentalist

An individual or organization that advocates for the protection of the environment against pollution and degradation.

Legal Realism

A theory in law that emphasizes the real-world outcomes of cases and the roles of judges and societal influences, rather than purely relying on abstract legal rules or doctrines.