Required information 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 22,200 units to the blending department of the units completed, 3,000 were from beginning inventory and the remaining 19,200 were started and completed during the month. Beginning work in process was 100% complete with respect to direct materials and 40% complete with respect to conversion. The company has 2,400 units (100% complete with respect to direct materials and 80% 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. Direct Materials Conversion Beginning work in process inventory $ 9,900 $ 110,970 Added during the month 2,082,970 Cost 248,400 Problem 16-7AA 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.) View transaction list Journal entry worksheet 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 Record the transfer of goods from Roasting to Blending. Note: Enter debits before credits Date General Journal Debit Credit Oct 31