FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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%
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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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