cvg.cengagenow.com Week 11-Determining the Si Login Cengage CengageNOW I Online

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cvg.cengagenow.com Week 11-Determining the Si Login Cengage CengageNOW I Online teachin.. g question | Chegg.c Questions process_costing_fifo Question 2 of 12 1. Previous | Noxt Step 2 Check My Work 3. Section 2 Accounting Applications 4. 5. Instruction: Use the tabs above to navigate back and forth between sections. Dairy Direct is a milk processing company that has two departments. The Processing Department pasteurizes the milk and performs other tasks, such as adding vitamins. All materials are added at the beginning of the process and conversion costs are spread evenly throughout the process. The Bottling Department receives the pasteurized milk and pours it into one-gallon containers that are already labeled. Dairy Direct uses a process cost system. Dairy Direct uses a FIFO assumption when valuing inventory. For Dairy Direct, a unit is one gallon of milk. 6. 8. The following data were compiled in the Processing Department at Dairy Direct for the month of April 10 Gallons of milk in process on April 1 (25% complete) Gallons of milk completed during April Gallons of milk in process on April 30 (60% complete) 10,000 83,000 7,000 12 Calculate the total equivalent units for direct materials and conversion costs for the Processing Department at Dairy Direct for the month of April. If an amount is zero, enter"" Percent Materials Added in Period (96) Equivalent Total Whole Units Percent Units for Coversion Equivalent Direct Completed in Units for Period (%) Materials Conversion Inventory in process, beginning of period Started and completed during the period Transferred out of Processing (completed) Inventory in process, end of period Total units to be assigned costs 10000 7500 100 83000 7000 Check My Work 0Icon Key

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total percent Equivalent percent Equivalent whole materials units CC units units added materials added CC Inventory in process ,beginning of period 10,000 0% 0 75% 7,500 started and completed during the period 73,000 100% 73,000 100% 73,000 transferred out of processing 83,000 73000 80,500 Inventory in process ,end of period 7,000 100% 7,000 60% 4,200 total units to be assigned costs 90,000 80000 84,700

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