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 26,000 units to the blending department. Of the units completed, 4,900 were from beginning inventory and the remaining 21,100 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 4,300 units (100% complete with respect to direct materials and 70% complete with respect to conversion) in process at month-end. Information on the roasting departments costs of beginning work in process inventory and costs added during the month follows.

Cost	Direct Materials			Conversion
Of beginning work in process inventory	$	11,800		$	114,390
Added during the month		340,360			1,487,160

Problem 16-7A Part 1

Required: 1. Prepare the roasting department's process cost summary for October using the FIFO method. (Round "Cost per EUP" to 2 decimal places.)

Total costs to account for:
Total costs to account for:
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			Materials		Conversion
Total costs		Costs		Costs
Equivalent units of production		EUP		EUP
Cost per equivalent unit of production (rounded to 2 decimals)
Total costs accounted for:
Beginning Inventory Cost:
Cost to complete beginning inventory	EUP	Cost per EUP	Total cost
Direct materials
Conversion
Total cost to complete beginning inventory
Total cost of units in beginning inventory
Cost of units started and completed	EUP	Cost per EUP	Total cost
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

Problem 16-7A Part 2

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.)

• Record the transfer of goods from Roasting to Blending.