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I please explain each step. thank you Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The following information

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I

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please explain each step. thank you

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Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The following information applies to the questions displayed below) 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 23,200 units to the blending department of the units completed, 3.500 were from beginning inventory and the remaining 19,700 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 2,900 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 Of beginning work in process inventory Added during the month Direct Materials $ 10,400 271,200 $ Conversion 111,870 1,196,910 Regu Prore te rasting Department processos sumanytor October using the FIFO metod Round "Cost Up to 3 decimal places) Total costs to account for Cost of beginning woning Otto Unit reconciation Units to account for Tots Tot to count for counted for Total units account for t units of production (UPFIFO method E Mere Cooper equivant unit o dsto En son Cost per leunt of productos rounded to 2G Total costs accounted for Begoving i ntory Cout Cost competing into To to op beginning lot of integy Cost of its stand and completed EUP Cost per EUP Scion is Journal entry worksheet cord the transfer of goods from Roasting to Blending, General Journal Debit Credit Oct 31 Record entry Clear entry View general journal Roterences est Visited Getting Started 9 HW 2 O (1) Rick And Morty Ful. Ch25 - DNA Structure. Translat 5 3.500 Total costs to account for: Cost of beginning work in process Costs incurred this period Total costs to account for $ 3.500 50 Unit reconciliation: Units to account for: Total units to account for Total units accounted for: Total units accounted for Equivalent units of production (EUP) FIFO method Units Materials EUP: Materials Conversion EUP Conversion Total units Cost per equivalent unit of production 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 Cost per EUP Total cos Direct materiais Conversion Total cost to complete beginning inventory Total cost of units in beginning inventory Cost of units started and completed EUP Cost per EUP Direct materials Conversion Total cost of units started and completed Total cost of units transferred out Costs of ending work in process EUP Cost per EUP Total cost Direct materials Conversion Total cost of ending work in process Total costs accounted for Type here to search

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