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Answer the following questions using the information below:
Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on 10,000 models. During the month, the company completed 11,000 models, and transferred them to the Distribution Department. The company ended the month with 1,500 models in ending inventory. There were 2,500 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 50% complete as to conversion costs.
Beginning inventory:
Direct materials costs
Conversion costs
Manufacturing costs added auring the œcounting period:
Direct materials costs
Conversion costs
-What were the equivalent units for conversion costs during October?
Caudal Lobe
Refers to a division or section at the rear or tail end of some organs or structures, particularly in the lungs or liver.
Glottis
The opening between the vocal cords in the larynx, through which air passes during breathing and speech.
Caudal Lobe
A segment of the lung located towards the back and lower part of the thoracic cavity.
Vocal Ligaments
Vocal ligaments are bands of elastic tissue within the larynx; they are attached to the vocal cords and help produce sound by vibrating as air passes through the cords.
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