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
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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

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