Cost of Production Report

Arabica Highland 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 Credit Date Item Debit Debit 24,928 997,728 1,195,328 1,244,736 July 1Bal., 7,600 units, 1/5 completed 31 Direct materials, 304,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 305,000 units 31 Bal., 2 units, 4/5 completed 972,800 197,600 49,408