Question: Help 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
Help 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 FlIFO method of process costing. During October, the roasting department completed and transferred 23,400 units to the blending department. Of the units completed, 3,600 were from beginning inventory and the remaining 19,800 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 3,000 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 $ 10,500 $ 112,050 275,880 Cost Of beginning work in process inventory Added during the month 1,183,896 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.) 1 2 of 9 Prev Score
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