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 Cost per equivalent unit of production Costs added this period + Equivalent units of production Cost per equivalent unit of production 4,300 20,500 24,800 3,700 $ 309,760 1,382,724 Materials 309,760 Direct Materials Percent Complete 100% 0 100% 2. Compute cost per equivalent unit of production for both direct materials and conversion. Conversion Percent Complete 40% $ 124,510 1,692,484 $ 1,816,994 Conversion 1,692,484 80% 0
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 Cost per equivalent unit of production Costs added this period + Equivalent units of production Cost per equivalent unit of production 4,300 20,500 24,800 3,700 $ 309,760 1,382,724 Materials 309,760 Direct Materials Percent Complete 100% 0 100% 2. Compute cost per equivalent unit of production for both direct materials and conversion. Conversion Percent Complete 40% $ 124,510 1,692,484 $ 1,816,994 Conversion 1,692,484 80% 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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
Cost per equivalent unit of production
Costs added this period
+ Equivalent units of production
Cost per equivalent unit of production
4,300
20,500
24,800
3,700
$ 309,760
1,382,724
Materials
309,760
Direct
Materials
Percent
Complete
100%
0
100%
2. Compute cost per equivalent unit of production for both direct materials and conversion.
Conversion
Percent
Complete
40%
$ 124,510
1,692,484
$ 1,816,994
Conversion
1,692,484
80%
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96ccea39-6e20-4e83-b9fb-b22d2ae10407%2Fd695d06b-c40c-462b-8556-540ffe4a5c3b%2F0qzckcw_processed.png&w=3840&q=75)
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.
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
Cost per equivalent unit of production
Costs added this period
+ Equivalent units of production
Cost per equivalent unit of production
4,300
20,500
24,800
3,700
$ 309,760
1,382,724
Materials
309,760
Direct
Materials
Percent
Complete
100%
0
100%
2. Compute cost per equivalent unit of production for both direct materials and conversion.
Conversion
Percent
Complete
40%
$ 124,510
1,692,484
$ 1,816,994
Conversion
1,692,484
80%
0
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