Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 eBook Calculator Print Item Cost of Production Report: Weighted average method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the

image text in transcribed
image text in transcribed
image text in transcribed
1 eBook Calculator Print Item Cost of Production Report: Weighted average method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31: ACCOUNT Work in Process Roasting Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 13,100 units, 80% completed 31 Direct materials, 226,600 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 228,600 units 31 Bal., 2 units, 30% completed 49,387 534,311 800,209 484,924 265,898 382,634 1,182,843 Required: Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in Process --Roasting Department Assume that direct materials are placed in process during production. If required, round your cost per equivalent unit answer to two decimal places Sunrise Coffee Company Cost of Production Report-Roasting Department For the Month Ended December 31 Unit Information Units changed to production: 1100 eBook Calculator Paint hem Assume that direct materials are placed in process during production. If required, round your cost per equivalent unit answer to two decimal places Sunrise Coffee Company Cost of Production Report-Roasting Department For the Month Ended December 31 Unit Inform Units charged to production Inventory in process, December 1 Received from materials storeroom 226.600 239,700 Total units accounted for by the Roasting Department Units to be assigned costs: Whole Units Equivalent Units of Production Transferred to Packing Department in December 228,600 228,600 Inventory in process, December 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Total costs for December in Roasting Department Total equivalent units Check My Work Previous Cost Informatie Cost per equivalent unit: Total costs for December in Roasting Department Total equatent units Cost per equivalent Consigned to production: Inventory in process, December 1 Costs incurred in December Total cost accounted for by the Roasting Department Cost cated to completed and partially completed units T erred to Padong Department in December tory in proces, December 31 Total cost signed by the Roasting Department

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Introduction To Concepts Methods And Uses

Authors: Clyde P. Stickney, Roman L. Weil

11th Edition

0324222971, 978-0324222975

More Books

Students also viewed these Accounting questions

Question

What is the cycle of intimate partner abuse?

Answered: 1 week ago