Problem 16-7AA Part 3

Required Information Problem 16-7AA (Algo) FIFO: Cost per equivalent unit; costs assigned to products LO C2 [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 Percent Complete 100% Conversion Percent Complete 3e% Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory Units 4, eee 20, 208 24,200 3,400 1ees 70% $ 123,670 Beginning work in process inventory Costs added this period Direct materials Conversion Total costs to account for $ 295,000 1,279,152 1,574,152 $ 1,697,822 Problem 16-7AA (Algo) Part 3 3. Assign costs to the department's output-specifically, to the units transferred out and to the units that remain in work in process at period-end. (Round "Cost per EUP" to 2 decimal places.) Cost assignmentFIFO Beginning work in process To complete beginning work in process EUP Cost per EUP Total cost Direct materials Conversion EUP Cost per EUP Total cost Started and completed Direct materials Conversion Completed and transferred out Ending work in process Direct materials EUP Cost per EUP Total cost Conversion Total costs accounted for