Co of Production Report ana Coffee Company reasts and packs coffie beans. The pr

Question

Co of Production Report ana Coffee Company reasts and packs coffie beans. The prcess begins by placing coffee beans isto the Roasting D ane then tranaterred to the Packing Department The following is a partial work in Department. From the Roasting Department, coffee beans process account of the Roasting Desartment at July 3 ACCOUNT NO. Date Iem DebitCredit Debit Credit ly 1 Bal, 6,100 nits, 4/5 complened 35 Direct materials, 274, 500 unts 31 Direct labor 1 Factory overhead s Goods tranaferred, 275,000 units 1 Ba, 2 units, 3/5 eemoleted 538.290 560,182 L repare a cost of producton eport, and idenoty the missing amounts for Work in Process oasting Deprtment a amount is zers, enter o when computing cont e unts, round to bws decimal places marged to producion eceived om 20 7 9 delet

Explanation / Answer

Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Units charged to production: Inventory in process, July 1 6100 Received from materials storeroom 274500 Total units accounted for by the Roasting Department 280600 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 6100 0 1220 Started and completed in July 268900 268900 268900 Transferred to Packing Department in July 275000 268900 270120 Inventory in process, July 31 5600 5600 3360 Total units to be assigned costs 280600 274500 273480 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department 439200 109392 Total equivalent units 274500 273480 Cost per equivalent unit 1.6 0.4 Costs charged to production: Direct Materials Conversion Total Inventory in process, July 1 11590 Costs incurred in July 548592 Total costs accounted for by the Roasting Department 560182 Cost allocated to completed and partially completed units: Inventory in process, July 1 balance 11590 To complete inventory in process, July 1 0 488 488 Cost of completed July 1 work in process 12078 Started and completed in July 430240 107560 537800 Transferred to Packing Department in July 549878 Inventory in process, July 31 8960 1344 10304 Total costs assigned by the Roasting Department 560182 2 Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase 0.1 Change in conversion cost per equivalent unit Decrease 0.1

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