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 Units Direct Materials Conversion Percent Complete Percent Complete Beginning work in process inventory 3,600 100 40 Units started and completed 19,800 Units completed and transferred out 23,400 Ending work in process inventory 3,000 100 80 Beginning work in process inventory $ 122,550 Costs added this period Direct materials $ 275,880 Conversion 1,183,896 1,459,776 Total costs to account for $ 1,582,326 Required 1 Compute equivalent units of production for both direct materials and conversion 2 Compute cost per equivalent unit of production for both direct materials and conversion 3 Assign costs to the departments outputspecifically, to the units transferred out and to the units that remain in work in process at period end (Round Cost per EUP to 2 decimal places ) Required 1 Compute equivalent units of production for both direct materials and conversion 2 Compute cost per equivalent unit of production for both direct materials and conversion 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 (Round Cost per EUP to 2 decimal places )

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Posted on Oct 23, 2024

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

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.

	Units	Direct Materials	Conversion
	Units	Percent Complete	Percent Complete
Beginning work in process inventory	3,600	100%	40%
Units started and completed	19,800
Units completed and transferred out	23,400
Ending work in process inventory	3,000	100%	80%

Beginning work in process inventory		$ 122,550
Costs added this period
Direct materials	$ 275,880
Conversion	1,183,896	1,459,776
Total costs to account for		$ 1,582,326

Required: 1. Compute equivalent units of production for both direct materials and conversion.

2. Compute cost per equivalent unit of production for both direct materials and conversion.

3. Assign costs to the departments outputspecifically, to the units transferred out and to the units that remain in work in process at period-end. (Round "Cost per EUP" to 2 decimal places.)

Required: 1. Compute equivalent units of production for both direct materials and conversion. 2. Compute cost per equivalent unit of production for both direct materials and conversion. 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. (Round "Cost per EUP" to 2 decimal places.)