Question: Please help . ..... Required information [The following information applies to the questions displayed below.] Dengo Company makes a trail mix in two departments: Roasting

Please help . .....

Please help . ..... Required information [The following information applies to the

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 4,000 100% 30% Units started and completed 20, 200 Units completed and transferred out 24, 200 Ending work in process inventory 3,400 100% 70% Beginning work in process inventory $ 123, 670 Costs added this period Direct materials $ 295, 000 Conversion 1, 279, 152 1, 574, 152 Total costs to account for $ 1, 697, 822 Required: 1. Compute equivalent units of production for both direct materials and conversion. Equivalent units of production (EUP)- FIFO method Direct Materials Conversion Units % Added EUP % Added EUP

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!