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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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vj
Subject-Accounting
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdd1e6fb3-a3bb-45a5-8140-9e7ea4ef5a8e%2Fe9019064-ad8d-407d-9e94-e4888a25efff%2Fxjnsv5_processed.jpeg&w=3840&q=75)
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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