Chapter 3 Assignment eBook Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Departm 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., 7,500 units, 1/5 completed 24,600 31 Direct materials, 337,500 units 1,080,000 1,104,600 31 Direct labor 216,300 1,320,900 31 Factory overhead 54,020 1,374,920 ? 31 Goods transferred, 338,000 units 31 Bal., 2 units, 1/5 completed ? Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. If an a 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 7,500 Received from materials storeroom 337,500 Total units accounted for by the Roasting Department 330,000 X Units to be assigned costs: Equivalent Units Direct Conversion Materials Whole Units Inventory in process, July 1 7,500 6,000 Started and completed in July 330,500 330,500 330,500 1 Transferred to Packing Department in July 338,000 330,500 336,500 Inventory in process, July 31 7,000 7,000 1,400 345,000 Total units to be assigned costs 337,500 337,900 Check My Work Assignment Score: 81.82% Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department 1,080,000 270,320 Total equivalent units 337,500 337,900 $ Cost per equivalent unit 3.2 0.8 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 24,600 Costs incurred in July 1,350,320 Total costs accounted for by the Roasting Department 1,374,920 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance 24,600 To complete inventory in process, July 1 4,800 4,800 Cost of completed July 1 work in process 29,400 Started and completed in July 1,057,600 264,400 1,322,000 Transferred to Molding Department in July 1,351,400 Inventory in process, July 31 22,400 5,600 X 28.000 x Total costs assigned by the Roasting Department 1,379,400 X Feedback 2. Assuming that the July 1 work in process inventory includes $23,250 of direct materials, determine the increase or decreas cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Feedback Check My Work Assignment Score: 81.82%