Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for Boston Coffee Company for March 2016 as well as

image text in transcribed

image text in transcribed

image text in transcribed

Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for Boston Coffee Company for March 2016 as well as information concerning work in process, March 1, 2,900 pounds, 30% completed Coffee beans added during March, 178,900 pounds Conversion costs during March work in process, March 31, 1,700 pounds, 80% completed Goods finished during March, 180,100 pounds Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit answers to the nearest cent. production are as follows: $50,810 1,752,900 736,730 Boston Coffee Company Cost of Production Report-Roasting Department For the Month Ended March 31, 2016 Units to account for during production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent whole Units of Units Transferred to finished goods in March Inventory in process, March 31 Total units to be assigned costs Cost Informaton Check My Work Previous Next All work saved. Save and Exit Submit t for Grading 25 PM 2/17/2019 to search Print Item 31 MC 25-113 32 MC 25-112 33 MC 25-111 34 MC 25-110 35 MC 25-114 36 EX 20-24 APALGO 37 EX 20-27 APALGOo 3 EX 20-29 APALGo 39 waac26t.20.181 40. TF20-01 41 TF 20-03 42. TF 20-05 43. TF 20-06 For the Month E Unt Information Unts to account for during production Inventory in process, March Received from materials storeroom Total units accounted for by the Roasting Department Unts to be assigned costs WholeEquivalent Unts Unts of Transferred to finished goods in March Inventery in process, March 31 Total units to be assigned costs Costs per equivalent unt Total costs for March in Roasting Depsrtment Total equivalent unit Cost per equivaient unit Costs assigned : Inventory in process, March 1 Costs incurred in March to production 44. TF 20-07 Total costs accounted for by the Roasting Department s Check My Work Previous Progress: 38/73 items Assignment Score: 91.32% All work saved O Type here to search Et em" : @., Eas rP^KOqu.. 425 PM 2/17/2019 31 MC 25-113 Total units accounted for by the Roasting Depertment Unks to be assigned costs: 32 MC 25-112 WholeEquivalent Units Units of 33 MC 25-111 Production Transferred to Inventory in process, March 31 Total units to be assigned costs finished goods in March 34 MC.25-110 35 MC 25-114 36. EX 20-24 APALGO Costs per equivalent unit: 37 EX 20-27 APALGO 38. EX 20-29 APALGO 39 waac26t.20.181 40. TF 20-01 41 TF 20-03 42 TF 20-05 43. TF 20-06 44. TF 20-07 Total costs for March in Roasting Department Total equivalent unts Cost per equivalent unit Costs assigned to production Inventory in process, March t Costs incurred in March Total codts accounted for by the Rosting Department Total costs accounted for Costs alocated to completed and partially completed units: Transferred to finished goods in Harch Inventory in process, March 31 Total costs assigned by the Roasting Department Check My Work Progress: 38/73 itens Assignment Score: 91.32% All work saved. 4:25 PM O Type here to search

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_2

Step: 3

blur-text-image_3

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

Performance Audit Program Auditing Is A Systemic Process

Authors: Reina Mercedes Pérez Aguila, Yoandra González García

1st Edition

6205775697, 978-6205775691

More Books

Students also viewed these Accounting questions

Question

How to find if any no. is divisble by 4 or not ?

Answered: 1 week ago

Question

Explain the Pascals Law ?

Answered: 1 week ago