Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The process begins by...
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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 Department at July 31 ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 1 Bal, 30,000 units, 10% completed 121,800 31 Direct materials, 155,000 units 31 Direct labor 620,000 741,800 31 Factory overhead 90,000 33,272 831,800 865,072 31 Goods transferred,149,000 units 7 31 Bal, 2 units, 45% completed 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 the nearest cent Hana Coffee Company Cost of Production Report-Roasting Department Units charged to production Inventory in process, July 11 For the Month Ended July 31 Received from materiais starom Unit Information Total units accounted for try the Roasting Department 300 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 Department at July 31 ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 1 Bal, 30,000 units, 10% completed 121,800 31 Direct materials, 155,000 units 31 Direct labor 620,000 741,800 31 Factory overhead 90,000 33,272 831,800 865,072 31 Goods transferred,149,000 units 7 31 Bal, 2 units, 45% completed 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 the nearest cent Hana Coffee Company Cost of Production Report-Roasting Department Units charged to production Inventory in process, July 11 For the Month Ended July 31 Received from materiais starom Unit Information Total units accounted for try the Roasting Department 300
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