On September 30,the Drying Department of Jamoca,Inc.had ending Work-in-Process Inventory that was 28% complete for materials and 23% complete for conversion costs.The company uses the FIFO method.This means that for the ending Work-in-Process inventory,________% of materials and ________% of the conversion costs were added during September.
A) 77; 72
B) 72; 77
C) 23; 28
D) 28; 23

Question

Quizplus · Accepted Answer

Since the ending Work-in-Process Inventory was 28% complete for materials and 23% complete for conversion costs under the FIFO method, it indicates that these percentages of materials and conversion costs were added during September.