Travel Trails Manufactures Railway Coaches and Uses the FIFO Method

Multiple Choice

Travel Trails 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 Inventory 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.

A) 70; 40
B) 30; 20
C) 80; 40
D) 40; 80