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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

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

FINANCIAL ACCOUNTING
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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3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at period-end. Note: Round "Cost per EUP" to 2 decimal places. 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 EUP EUP EUP 0 Cost per EUP Cost per EUP $ 0.00 Cost per EUP $ $ $ 0.00 $ 0.00 Total cost Total cost Total cost 0 0 0
Transcribed Image Text:3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at period-end. Note: Round "Cost per EUP" to 2 decimal places. 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 EUP EUP EUP 0 Cost per EUP Cost per EUP $ 0.00 Cost per EUP $ $ $ 0.00 $ 0.00 Total cost Total cost Total cost 0 0 0
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 Complete. 100% 100% Percent Complete. 30% $ 121,150 1,360,474 $ 1,481,624 70% Problem 20-7AA (Algo) Part 3 3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at
Transcribed Image Text: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 Complete. 100% 100% Percent Complete. 30% $ 121,150 1,360,474 $ 1,481,624 70% Problem 20-7AA (Algo) Part 3 3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at
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