t I 99 Ria Fri Acct 10s0 v085o 2018WI Test Week 3 Exam 5 T

\"@t .. :I) 99% Ria Fri Acct 10s0 v085o 2018WI ( Test: Week #3 Exam #5 This Question: 1 pt Kyle Maisano 1 1/26/18 4A2 PM Time Remaining: 00:5122 Submit Test This Test: 18 pts possibl td 1B of 180 complete) Ac enu Travel Trails, Inc. manufactures railway coaches and uses the FIFO method of process coting to neoond conts. The Wok-in-Process Inventory of the Heating Departrert on Odober 1 was ION congiete tr materais and 22% oomplete fr coverson costs. On October 31, is ending wennnocess inventory was as complete fr materials and 45% complete for convenion-This \"eans that for te oning mertory, % ofte ma-and- %ofthe conversion costs were added during October OA. 45:82 Quizh B 30,22 C.82:45 Click to select your answer 11:50pm

Solution

C. 82, 45 is correct

Since FIFO method is used, opening wip inventory must have been finished and transferred to finished goods.

hence ending wip is totally from current month addition of rawmaterial and conversion costs.