Problem 20-9AA FIFO: Process Cost Summary, equivalent units, cost estimates

Required information Problem 20-9AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The following information applies to the questions displayed below Dengo Co. manufactures a single product in one department. Direct labor and overhead are added evenly throughout the process, while direct materials are added at the beginning of the process. The company uses the FIFO method of process costing. During October, the company completed and transferred 22,600 units to finished goods inventory. Of the units completed, 3,200 were from beginning inventory and the remaining 19,400 were started and completed during the month. Beginning goods in process were 100% complete with respect to direct materials and 40% complete with respect to direct labor and overhead. The company has 2,600 units (100% complete with respect to direct materials and 80% complete with respect to direct labor and overhead) in process at month-end. Information on costs of beginning inventory and costs added during the month follows. Direct Materials. Labor Overhea Raw Cost Of beginning inventory Added during the month $ 10100 $ 61,850 $ 30,925 257,400 622.440 311220 Problem 20-9A