Use the following information for the Quick Study below. (Algo) Skip to question [The following information applies to the questions displayed below.] BOGO Incorporated has two sequential processing departments, Roasting and Mixing. BOGO uses the FIFO method. Production unit information for the Roasting department follows. Roasting—Direct Materials Units Percent Complete Beginning work in process inventory 2,240 75% Units started and completed 15,400 Ending work in process inventory 3,400 85% Production cost information for the Roasting department for the same period follows. Beginning work in process inventory (direct materials) $ 2,770 Direct materials added this period 31,900 QS 16-21A (Algo) FIFO: Computing equivalent units and cost per EUP LO C2 Compute the Roasting department’s (a) equivalent units of production for direct materials and (b) cost per equivalent unit of production for direct materials.

Use the following information for the Quick Study below. (Algo) Skip to question [The following information applies to the questions displayed below.] BOGO Incorporated has two sequential processing departments, Roasting and Mixing. BOGO uses the FIFO method. Production unit information for the Roasting department follows. Roasting—Direct Materials Units Percent Complete Beginning work in process inventory 2,240 75% Units started and completed 15,400 Ending work in process inventory 3,400 85% Production cost information for the Roasting department for the same period follows. Beginning work in process inventory (direct materials) $ 2,770 Direct materials added this period 31,900 QS 16-21A (Algo) FIFO: Computing equivalent units and cost per EUP LO C2 Compute the Roasting department’s (a) equivalent units of production for direct materials and (b) cost per equivalent unit of production for direct materials.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 17E: K-Briggs Company uses the FIFO method to account for the costs of production. For Crushing, the...

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Use the following information for the Quick Study below. (Algo)

Skip to question

[The following information applies to the questions displayed below.]

BOGO Incorporated has two sequential processing departments, Roasting and Mixing. BOGO uses the FIFO method. Production unit information for the Roasting department follows.

Roasting—Direct Materials	Units	Percent Complete
Beginning work in process inventory	2,240	75%
Units started and completed	15,400
Ending work in process inventory	3,400	85%

Production cost information for the Roasting department for the same period follows.

Beginning work in process inventory (direct materials)	$ 2,770
Direct materials added this period	31,900

QS 16-21A (Algo) FIFO: Computing equivalent units and cost per EUP LO C2

Compute the Roasting department’s

(a) equivalent units of production for direct materials and
(b) cost per equivalent unit of production for direct materials.

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