beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIF 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 Cost assignment-FIFO Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for $ 304,800 1,349,892 EUP Units 4,200 20,400 24,600 3,600 EUP EUP 3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in proce period-end. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Percent Complete 100% 100% $ $ 124,230 1,654,692 $ 1,778,922 Cost per EUP Cost per EUP 0.00 Percent Complete 30% Cost per EUP $ 0.00 $ 0.00 $ $ 70% Total cost Total cost Total cost 0 0 0

beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIF 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 Cost assignment-FIFO Beginning work in process To complete beginning work in process Direct materials Conversion Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials Conversion Total costs accounted for $ 304,800 1,349,892 EUP Units 4,200 20,400 24,600 3,600 EUP EUP 3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in proce period-end. (Round "Cost per EUP" to 2 decimal places.) Direct Materials Conversion Percent Complete 100% 100% $ $ 124,230 1,654,692 $ 1,778,922 Cost per EUP Cost per EUP 0.00 Percent Complete 30% Cost per EUP $ 0.00 $ 0.00 $ $ 70% Total cost Total cost Total cost 0 0 0

Name: Dengo Company makes a trail mix in two departments: Roasting and Blen
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Dengo Company makes a trail mix in two departments: Roasting and Blending. Direct materials are added at thebeginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFOmethod of process costing.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Tamar Company manufactures a single product in two departments: Forming and Assembly. Information for the Forming process for May follows. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Direct MaterialsConversion Percent Percent Complete Complete 40% Units 5,700 100% 41,040 42,180 4,560 100% $ 37,620 421,686 $ 459,306 943,920 4,115,286 5,059,206 5,518,512 olem 3-4A (Algo) FIFO: Production cost report LO C2, P4 $ 80% me that Tamar uses the FIFO method of process costing. The units started and completed for may total 19,200. ired: Prepare the Forming department's production cost report for May using FIFO. Prepare…
Vinubhai
Overton Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Cost of beginning work in process, plus costs incurred during the period: Direct materials Direct labor Overhead (a) Question Part Score (b) Question Part Score (c) Completed and transferred out Ending work in process $ 20,000 $ 164,000 24,000 60 % 100 % Show the assignment of costs to units completed and transferred out and to work in process at the end of the period. $101,200 $164,800 $184,000 2/2 --/2
Manji
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 4,300 20,500 24,800 3,700 $ 309,760 1,382,724 Direct Materials Percent Complete 100% 100% Conversion Percent Complete 40% $ 124,510 1,692,484 $ 1,816,994 80%
Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Required: Using the FIFO method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of ending work in process inventory. d. Determine the cost of units transferred out of the department during the month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Daosta Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent…
Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series of steps carried out in production departments. All of the material that is used in the first production department is added at the beginning of processing in that department. Data for May for the first production department follow. Work in process inventory, May 1 Work in process inventory, May 31 Materials cost in work in process inventory, May 1 Conversion cost in work in process inventory, May 1 Units started into production Units transferred to the next production department Materials cost added during May Units 56,000 100% Percent Complete Materials Conversion 30% 36,000 100% 20% $ 48,000 $ 13,200 251,600 271,600 $ 68,888 $ 190,324 Conversion cost added during May Required: 1. Calculate the first production department's equivalent units of production for materials and conversion for May 2. Compute the first production department's cost per equivalent…
i need last 3 requirement, Please provide answer in text (Without image)
Calculate the first production department's equivalent units of production for materials and conversions for May. Compute the first production departments cost per equivalent unit for materials and conversions for May. (Round your answer to 2 decimal places.) Compute the first production departments cost of ending work in process inventory for materials, conversions, and in total for May. (Round your intermediate calculations to 2 decimal places.) Compute the first production departments cost of the units transferred to the next production department for materials conversion, and in total for may. (Round your intermediate calculations to 2 decimal places.)
Prepare a Production Cost Report Troika Company The production information for Troika's Smoothing department for August is as follows: Work in process Beginning balance: materials Beginning balance: conversion Materials Labor Overhead Cost $ 1,550 2,500 7,441 14,520 7,930 Beginning units Transferred in Transferred in Transferred out Units 650 1,780 1,810 All materials are added at the beginning of the period. The ending work in process is 30% complete as to conversion. Prepare a production cost report for August for the Smoothing Department.
Domestic Don,t upload image please
Required information [The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Units EUP 73,000 831,000 710,000 194,000 $352,560 165,280 2,359,440 3,140,320 Direct Materials Percent Complete 100% 3. Assign costs to the department's output-specifically, to the units…