Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 17 Homework Cost of Production Report eBook Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into
Chapter 17 Homework Cost of Production Report eBook 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 Department at July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 1 Bal., 6,700 units, 2/5 completed 12,998 31 Direct materials, 301,500 units 31 Direct labor 542,700 555,698 31 Factory overhead 120,200 30,080 675,898 705,978 31 Goods transferred, 302,000 units ? 31 Bal., 2 units, 1/5 completed 2 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 Units charged to production: Inventory in process, July 1 Unit Information Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Check My Work Assignment Score: 84.09% Equivalent Units Whole Units Direct Materials Conversion Previous Next > Email Instructor Save and Exit Submit Assignment for Grading
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started