1. Journalize the entries to record the operations, identifying each entry by letter. 2. Compute the October 31 balances of the inventory accounts. 3. Compute the October 31 balances of the factory overhead accounts. - per 0 PR 3-2A Cost of production report OBJ. 2,4 Fresh Mountain Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at March 31, 2016: ACCOUNT Work in Process --Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1 Mar. 31 31 31 31 31 Bal., 1,500 units, 30% completed Direct materials, 22,300 units Direct labor Factory overhead Goods transferred, 21,700 units Bal., 2 units, 40% completed 86,970 11,900 5,772 6,150 93,120 105,020 110,792 ? Instructions 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. 2. Assuming that the March 1 work in process inventory includes $5,700 of direct ma- terials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. X B C D E M N o P F G H JK Cost of Production Report - Roasting Department For the Month Ended March 31, 2016 UNITS Equivalent Units Direct Materials Conversion Whole Units Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Roasting Department 1,500 22,300 23,800 - complete) Units to be assigned cost Inventory in process, March 1 30% Started and completed in March Transferred to Packing Department in March Inventory in process, March 31 40% Total units to be assigned cost 1,500 20,200 21,700 2,100 23,800 20,200 20,200 2.100 22,300 1,050 20,200 21,250 840 22,090 complete) COSTS Costs Conversion Direct Materials Total $ $ Costs per equivalent unit: Total costs for March in Roasting Department Total equivalent units Cost per equivalent unit 86,970 22.300 3.90 17,672 22,090 0.80 $ $ U 1 -2. S 6,150 Costs assigned to production Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Roasting Department $ 5 840 45 46 47 48 49 50 51 42 53 54 Costs allocated to completed and partially completed units Inwentary in process, March 1 To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to Packing Department in March Inventory in process, March 31 Total costs assigned by the Roasting Department 16,150 $ 6.150 840 $ 6 990 94.MD 5101,930 8.852 S170.792 672 Pr. 18(3) 2A Ready