Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Dengo Co. makes a trail mix in two departmets: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs
Dengo Co. makes a trail mix in two departmets: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly thocugbout each process. The company uses the FIFO method of process costing. units to the During October, the roasting department completed and blending transferred The company has 4,800 in endina inventory complete with respect to Ending Inventory was 100% direct materials and complete with respect to 70% conversion Information on the roasting department's costs of beginning work in process inventory and costs added during the month follows: \begin{tabular}{|l|r|r|} \hline Cost & DirectMaterials & Conversion \\ \hline Beg WIP & 19,900 & 115,000 \\ \hline Addedduringthemonth & 250,600 & 1,282,970 \\ \hline \end{tabular} Using FIFO Process Costing Determine: Direct materials equivalent units Conversion equivalent units Cost per equivalent unit for direct materials Cost per equivalent unit for conversion Total costs transferred to finished goods inventory Ending Balance in WIP - Direct Materials Ending Balance in WIP - Conversion e.th dm eutrconversion Beginning started and completed ending total costs during month total costs during month \# glish (United States) Dengo Co. makes a trail mix in two departmets: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly thocugbout each process. The company uses the FIFO method of process costing. units to the During October, the roasting department completed and blending transferred The company has 4,800 in endina inventory complete with respect to Ending Inventory was 100% direct materials and complete with respect to 70% conversion Information on the roasting department's costs of beginning work in process inventory and costs added during the month follows: \begin{tabular}{|l|r|r|} \hline Cost & DirectMaterials & Conversion \\ \hline Beg WIP & 19,900 & 115,000 \\ \hline Addedduringthemonth & 250,600 & 1,282,970 \\ \hline \end{tabular} Using FIFO Process Costing Determine: Direct materials equivalent units Conversion equivalent units Cost per equivalent unit for direct materials Cost per equivalent unit for conversion Total costs transferred to finished goods inventory Ending Balance in WIP - Direct Materials Ending Balance in WIP - Conversion e.th dm eutrconversion Beginning started and completed ending total costs during month total costs during month \# glish (United States)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started