Required information Problem 20-7AA (Algo) FIFO: Cost per equivalent unit; costs assigned to products LO C2 [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 3,100 19,300 22,400 2,500 $ 252,880 1,107,594 Direct Materials Conversion Percent Percent Complete 100% Complete 30% 100% $ 121,150 1,360,474 $ 1,481,624 70% Problem 20-7AA (Algo) Part 3 Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process

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In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.