Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculator Print item Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting

image text in transcribed
image text in transcribed
Calculator Print item Cost of Production Report Hana 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 Departme July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Credit July Debit 16,380 659,880 799,780 1 Bal., 6,500 units, 3/5 completed 31 Direct materials, 292,500 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 293,000 units 31 Bal., 2 units, 2/5 completed 643,500 139,900 35,000 834,780 Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process Roasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to two decimal places. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Calculator tem 1. Prepare a cost of production report, and identify the missing amounts for Work in Process --Roasting Department. If an amount is zero, enter "0". Wher computing cost per equivalent units, round to two decimal places. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unt Information Units charged to production: Inventory in process, July 1 6,500 Received from materials storeroom 292.500 299.000 Total units accounted for by the Roasting Department Units to be assigned costs Equivalent Units Direct Whole Units Conversion Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total units to be assigned costs Cost Information Cost per equin unit

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

Step: 3

blur-text-image

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

Advanced Accounting Concepts And Practice

Authors: Arnold J. Pahler

9th Edition

0324233531, 978-0324233537

More Books

Students also viewed these Accounting questions

Question

What are the HR forecasting techniques?

Answered: 1 week ago

Question

Define succession planning. Why is it important?

Answered: 1 week ago

Question

Distinguish between forecasting HR requirements and availability.

Answered: 1 week ago