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 311 ACCOUNT Work in Process Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 1 Bal., 7,700 units, 3/5 completed 18,172 31 Direct materials, 346,500 units 727,650 745,822 31 Direct labor 138,700 884,522 31 Factory overhead 34,650 919,172 31 Goods transferred, 347,000 units 31 Bal., 2 units, 3/5 completed Required: 1. Prepare a cost of production riport, and identify the missing amounts for Work in Process - Roasting Department. It an amount is zero, enter "o". When computing cost per equivalent units, round to two decimal places Hana Coffee Company Cost of Production Report-Roasting Department 2 2 For the Month Ended July 31 Unit Information 7,700 Units charged to production Inventory in process, July 1 Received from materials storeroom 146.500 Lancer Book Print Item Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: 346,500 354,200 Equivalent Units Direct Materials Conversion Whole Units 7,700 339,300 Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 347,000 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion I Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production Direct Materials Total Conversion Inventory in process, July 1 Costs incurred in July Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, July 1 balance To complete Inventory in process, July 1 Cost of completed July 1 work in process Started and completed in July Transferred to Molding Department in July 100 DOO Inventory in process, July 31 Total costs assigned by the Roasting Department Feedback Check My Work I 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory. 2. Assuming that the July 1 work in process inventory includes $15,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase Channe in minn netralentin Decrease Total costs assigned by the Roasting Department Feedback Check My Work 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory 2. Assuming that the July 1 work in process inventory includes $15,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase Change in conversion cost per equivalent unit Decrease Feedback Check My Work I 2. Compare the costs per equivalent unit for February and July. The costs per equivalent unit for materials and conversion for February are in the July 1 work in process inventory. The materials amount is given Feedback Check My Work Partially correct