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. Direct Materials Conversion. Units Beginning work in process inventory Units started and completed 3,500 Percent Complete Complete 100% 30% Percent 19,700 Units completed and transferred out Ending work in process inventory 23,200 2,900 100% 70% Beginning work in process inventory Costs added this period $ 122,270 Direct materials. Conversion Total costs to account for $ 271,200 1,196,910 1,468,110 $ 1,590,380 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Equivalent units of production Cost per equivalent unit of production Materials Conversion
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. Direct Materials Conversion. Units Beginning work in process inventory Units started and completed 3,500 Percent Complete Complete 100% 30% Percent 19,700 Units completed and transferred out Ending work in process inventory 23,200 2,900 100% 70% Beginning work in process inventory Costs added this period $ 122,270 Direct materials. Conversion Total costs to account for $ 271,200 1,196,910 1,468,110 $ 1,590,380 2. Compute cost per equivalent unit of production for both direct materials and conversion. Cost per equivalent unit of production Equivalent units of production Cost per equivalent unit of production Materials Conversion
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 3E
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Transcribed Image Text: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.
Direct
Materials Conversion.
Units
Beginning work in process inventory
Units started and completed
3,500
Percent
Complete Complete
100%
30%
Percent
19,700
Units completed and transferred out
Ending work in process inventory
23,200
2,900
100%
70%
Beginning work in process inventory
Costs added this period
$ 122,270
Direct materials.
Conversion
Total costs to account for
$ 271,200
1,196,910
1,468,110
$ 1,590,380
2. Compute cost per equivalent unit of production for both direct materials and conversion.
Cost per equivalent unit of production
Equivalent units of production
Cost per equivalent unit of production
Materials
Conversion
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