The increases to Work in Process-Roasting Department for Boston Cofffee Company

Question

The increases to Work in Process-Roasting Department for Boston Cofffee Company for March 2016 as well as information concerning production are as folows in process, March 1, 1,100 povds, 50% completed $16,490 569,000 239,150 Coffee beans added during March, 67,900 pounds Conversion costs during March Work in process, March 31, 700 pounds, 60% completed Goods ¡shed during March, 68,900 pounds Prepare·cost ofproduction t, using the average cost metod. If requred, round cost per equivalent "nt answers to nearest cent, Boston Coffee Company Cost of Production Report-Roastng Departmen Units to account for during production nventory In process, March Received trom materials storeroom Total units accounbed for tby the Roasting Department Whole Eqn Units Units of Transtermed to finished gpods in Manch Inventory in process, March 31 Cost nformation Costs per equvaient unit Cots asiged to producsion al costs asigned by the Rosting Depertment 8 2

Explanation / Answer

Boston Coffee Company Cost of Production Report-Roasting Department For the Month Ended Mar 31,2016 Unit Information Inventory in Progress, Mar 1 1110 Received from Material Storeroom 67900 Total Unit Accounted for the Roasted Department 69010 Units to be Assigned Costs: Whole Units Equivalent Transferred to FG in March 68300 68300 Inventory in Progress, Mar 31 710 426 Total Units to be assigned Costs 69010 68726 Cost Information Cost per Equivalent Unit: Costs: Total Costs for Mar in Roasting Department 824640 569000+239150 Total Equivalent Units 68726 Cost per Equivalent Unit 12.00 Cost assigned to Production: Inventory in Progress, Mar 1 16490 Cost incurred in Mar 808150 Total Costs accounted for by roasting Dept 824640 Costs allocated to completed and WIP Units: Transferred to FG 819528 (68300*12) Inventory in Progress, Mar 31 5112 (426*12) Total Costs 824640

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.