Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Beginning work in process inventory Costs added this period Direct materials Conversion Total costs to account for Units -Equivalent units of production Cost per equivalent unit of production 4,100 20,300 24,400 3,500 $ 299,880 1,265,220 Direct Materials Conversion Materials Percent Percent Complete Complete 100% 40% 100% $ 123,950 1,565,100 $ 1,689,050 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production 80% Conversion
Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Beginning work in process inventory Costs added this period Direct materials Conversion Total costs to account for Units -Equivalent units of production Cost per equivalent unit of production 4,100 20,300 24,400 3,500 $ 299,880 1,265,220 Direct Materials Conversion Materials Percent Percent Complete Complete 100% 40% 100% $ 123,950 1,565,100 $ 1,689,050 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production 80% Conversion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
![Required information
[The following information applies to the questions displayed below.]
Dengo Company makes a trail mix in two departments: Roasting and Blending. Direct materials are added at the
beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO
method of process costing. October data for the Roasting department follow.
Beginning work in process inventory
Units started and completed
Units completed and transferred out
Ending work in process inventory
Beginning work in process inventory
Costs added this period
Direct materials
Conversion
Total costs to account for
Units
+ Equivalent units of production
Cost per equivalent unit of production
4,100
20,300
24,400
3,500
$ 299,880
1,265,220
Direct
Materials
Percent
Complete
100%
Materials
100%
Conversion
Percent
Complete
40%
$ 123,950
1,565,100
$ 1,689,050
2. Compute cost per equivalent unit of production for both direct materials and conversion.
Cost per equivalent unit of production
Conversion
80%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472621be-5969-4a54-b52e-f83201e6e65c%2Fd05a2390-f038-4785-a831-677e45ef8bb3%2Fgcxueaa_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Dengo Company makes a trail mix in two departments: Roasting and Blending. Direct materials are added at the
beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO
method of process costing. October data for the Roasting department follow.
Beginning work in process inventory
Units started and completed
Units completed and transferred out
Ending work in process inventory
Beginning work in process inventory
Costs added this period
Direct materials
Conversion
Total costs to account for
Units
+ Equivalent units of production
Cost per equivalent unit of production
4,100
20,300
24,400
3,500
$ 299,880
1,265,220
Direct
Materials
Percent
Complete
100%
Materials
100%
Conversion
Percent
Complete
40%
$ 123,950
1,565,100
$ 1,689,050
2. Compute cost per equivalent unit of production for both direct materials and conversion.
Cost per equivalent unit of production
Conversion
80%
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