Dengo Co. 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. During October, the roasting department completed and transferred 24,600 units to the blending department. Of the units completed, 4,200 were from beginning inventory and the remaining 20,400 were started and completed during the month. Beginning work in process was 100% complete with respect to direct materials and 30% complete with respect to conversion. The company has 3,600 units (100% complete with respect to direct materials and 70% complete with respect to conversion) in process at month-end. Information on the roasting department's costs of beginning work in process inventory and costs added during the month follows. Cost Beginning work in process inventory Added during the month Direct Materials Conversion $ 11,100 $ 113,130 304,800 1,349,892 Required: 1. Prepare the roasting department's process cost summary for October using the FIFO method. (Round "Cost per EUP" to 2 decimal $ $ Total costs to account for: Cost of beginning work in process Costs incurred this period Total costs to account for: 24,600 124,230 148,830 $ $ 0 Unit reconciliation: Units to account for: Beginning work in process inventory - units Units started this period Total units to account for Total units accounted for: Units completed and transferred out Ending work in process - units Total units accounted for 3,600 X 24,600 28,200 24,600 3,600 28,200 Equivalent units of production (EUP)- FIFO method Units % Materials % Conversion EUP Conversion Units completed and transferred out EUP- Materials 0 0 0 Total units Cost per equivalent unit of production Materials Conversion Costs Costs EUP EUP Total costs - Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimals) Total costs accounted for: Beginning Inventory Cost: Cost to complete beginning inventory EUP Direct materials Cost per Total cost EUP EUP Cost per EUP Total cost $ 0 0.00 Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed Direct materials Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process Direct materials Conversion Total cost of ending work in process Total costs accounted for EUP Total cost Cost per EUP $ 0.00 $ 0.00 $ 0 0 2. Prepare the journal entry dated October 31 to transfer the cost of completed units to the Blending department. (Do not round your intermediate calculations.) View transaction list Journal entry worksheet 1 > Record the transfer of goods from Roasting to Blending. Note: Enter debits before credits. Record the transfer of goods from Roasting to Blending, Note: Enter debits before credits. General Journal Debit Credit Date Oct 31 Record entry Clear entry View general journal
