Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 47

Refer to QS 20-21. Using the FIFO method, assign direct materials costs to the roasting department's output-specifically, the units transferred out to the mixing department and the units that remain in process in the roasting department at month-end.
REFERENCE: QS 20-21
BOGO Inc. has two sequential processing departments, roasting and mixing. At the beginning of the month, the roasting department has 2,000 units in inventory, 70% complete as to materials. During the month, the roasting department started 18,000 units. At the end of the month, the roasting department had 3,000 units in ending inventory, 80% complete as to materials.