Reference no: EM132746760

Question - Jane Industries manufactures plastic toys. During October, Jane's Fabrication Department started work on models. During the month, the company completed models, and transferred them to the Distribution Department. The company ended the month with 2,500 models in ending inventory. There were 3,500 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 30% complete to conversion costs, while ending work in process was 50% complete to conversion costs.

Beginning inventory:

Direct materials costs $19,300

Conversion costs $11,700

Manufacturing costs added during the accounting period:

Direct materials costs $70,500

Conversion costs $240,500

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