Answer the Following Questions Using the Information Below:
Jane Industries $\quad \$ 19,200$

question 5

Multiple Choice

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 $\quad \$ 19,200$
Conversion costs $\quad \quad \$ 10,800$
Manufacturing costs added auring the œcounting period:
Direct materials costs $\quad \$ 70,000$
Conversion costs $\quad \quad \$ 240,000$
-What is the amount of direct materials cost assigned to ending work-in-process inventory at the end of October?

• A) $22,727
• B) $17,202
• C) $7,720
• D) $10,500

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Definitions:

Linear Perspective

A technique in art, specifically drawing and painting, that creates the illusion of depth and volume on a flat surface by depicting objects smaller as their distance from the observer increases.

International Gothic

A style of Gothic art that developed in Burgundy, Bohemia, and northern Italy in the late 14th and early 15th centuries, known for its elegance, colorful detailing, and graceful figures.

Or San Michele

A church and a former grain market located in Florence, Italy, known for its architecture and the façade that contains niches with statues of saints made by famous sculptors.

Donatello

A Florentine sculptor of the Renaissance, well-known for his life-like sculptures and innovative techniques, including the development of relief sculpture.