Review problem on conversion costs

Reference no: EM132082284

Question: Travel Trails Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Work-in-Process Inventory of the Heating Department on October 1 was 70% complete for materials and 20% complete for conversion costs. On October 31, its ending Work-in-Process Inventor)' was 80% complete for materials and 40% complete for conversion costs. This means that for the ending inventory _____% of the materials and ______ % of the conversion costs were added during October.

Reference no: EM132082284

Questions Cloud

What are the terminal year cash flows : You expect 100 diners per night. The restaurant will be open for 300 nights per year. The average diner orders food with a menu price of $35 and beverages.

Why did the countries that triggered these event act the way : Do you think it was to build an empire? To use the military as a means of getting out of the Great Depression?

What is most that it will be willing to pay for investment : Tricorp Company is considering an investment that is expected to return $320,000 after four years. If Tricorp demands a 15% return.

The united states went through dramatic economic change : This transformation and some of the apparent abuses that developed led to an increased role of the government in regulating businesses and society.

Review problem on conversion costs : Travel Trails Inc. manufactures railway coaches and uses the FIFO method of process costing to record costs. The Work-in-Process Inventory of the Heating.

Critically reflect your understanding of nutritional advices : HSC-2577 Principles of Nutrition for Healthcare - Florida National University - critically reflect your understanding of the Nutritional advices for Children

If it does not how does the us protect its interests : Did that new status require the U.S. to become the defenders of friendly governments everywhere in the world?

Define how do the tax-exempt securities used to pay : Traverse County needs a new county government building that would cost $10 million. The politicians feel that voters will not approve a municipal bond issue.

Can you ever get too much of product : As a consumer, can you ever get “too much” of a product? Can you think of a product that U.S. consumers “over-consume?” Support your answer.

User Account

All Pages