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 31 Direct materials, 155,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 149,000 units 31 Bal., 2 units, 45% completed 620,000 90,000 33,272 121,800 741,800 831,800 865,072 ? ? Instructions 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. 2. Optional - Assuming that the July 1 work in process inventory includes $119,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between June and July. Hana Coffee Company Cost of Production Report - Roasting Department For the Month Ended July 31 UNITS Equivalent Units Direct Materials Conversion Whole Units Units charged to production: Inventory in process, July 1 Received from materials storeroom Total units accounted for by the Roasting Department 30,000 155,000 185,000 complete) Units to be assigned cost: Inventory in process, July 1 ( 10% Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 ( Total units to be assigned costs 30,000 119,000 149,000 27,000 119,000 45% complete) COSTS Costs Conversion Direct Materials Total Cost per equivalent unit: Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit : Costs assigned to production: 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 To complete inventory in process, July 1 Cost of completed July 1 work in process Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department July 1, work in process Less direct materials Conversion costs Conversion cost equivalent units: Units in process Percent complete Equivalent units Direct Materials Conversion July costs per equivalent unit (from part 1) June costs per equivalent unit: Total costs in Work in Process, July 1 Total equivalent units Cost per equivalent unit Increase (decrease)