Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required Information The following information applies to the questions displayed below) Dengo Company makes a trail mix in two departments: Roasting and Blending Direct materials

image text in transcribed
image text in transcribed
image text in transcribed
Required Information The following information applies to the questions displayed below) 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. Direct Materials Conversion Percent Percent Units Complete Complete Beginning work in process inventory 4,300 100% Units started and completed 20, 500 Units completed and transferred out 24, 800 Ending work in process inventory 3,700 100% 80% 40% $ 124, 510 Beginning work in process inventory Costs added this period Direct materials Conversion Total costs to account for S 309,760 1.382, 724 1,592,484 $ 1,816,994 2. Compute cost per equivalent unit of production for both direct materials and conversion Materials Conversion Cost per equivalent unit of production Costs added this period Equivalent units of production Cost per equivalent unit of production Hequired Information The following information applies to the questions displayed below) Derigo 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 Direct Materials Conversion Percent Percent Complete Com Beginning work in process inventory 4.300 100 401 Ut started and completed 20,500 Units completed and transferred but 20.000 Ending work process inventory 1503 BON Beginning work in process inventory $ 194,510 Costs added this per Direct waterials 100.750 Covers 03.14 Total cost to tout 5 1.010.05 3.700 3. Assion costs to the department's output specifically, to the units transferred out and to the units that remain in process period-end found "Cost per EUP 12 decimal places 3. Assign costs to the departments output-specifically, to the units transferred out and to the units that remain in work in process at period end. (Found "Cost per EUP to 2 decimal places) Beginning work process To com begin wice EUD Cooper EUR Total cost Det mes Cum Stand completed EUR Cost TUD Total cost Common 000 Comediante ut Ending wis mes EUD Toot Det materials Canon Cost EUP 5 0.00 $ 0.00 0 Totalcom accounted to

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Brazilian Economy Confronting Structural Challenges

Authors: Edmund Amann

1st Edition

0367245272, 9780367245276

More Books

Students also viewed these Accounting questions