Business, 17.07.2020 01:01 marykayy0218own5cp
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 FIFO method of process costing. During October, the roasting department completed and transferred 22,200 units to the blending department. Of the units completed, 3,000 were from beginning inventory and the remaining 19,200 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 2,400 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:
Cost Direct Materials Conversion
Of beginning work in process inventory $9,900 $110,970
Added during the month 248,400 1,082,970
1. Prepare the roasting department's process cost summary for October using the FIFO method.
2. Prepare the journal entry dated October 31 to transfer the cost of completed units to the blending department.
Answers: 1
Business, 22.06.2019 05:00
What is a sort of auction for stocks in which traders verbally submit their offers?
Answers: 3
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
Answers: 3
Business, 22.06.2019 09:50
Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing
Answers: 1
Business, 22.06.2019 20:00
Question 6 of 102 pointswhich situation shows a constant rate of change? oa. the number of tickets sold compared with the number of minutesbefore a football gameob. the height of a bird over timeoc. the cost of a bunch of grapes compared with its weightod. the outside temperature compared with the time of day
Answers: 1
Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at...
Mathematics, 22.06.2021 06:10
History, 22.06.2021 06:10
English, 22.06.2021 06:10
Biology, 22.06.2021 06:30
Mathematics, 22.06.2021 06:30
Mathematics, 22.06.2021 06:30
Mathematics, 22.06.2021 06:30
Social Studies, 22.06.2021 06:30
Mathematics, 22.06.2021 06:30