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 Item Debit Credit - Debit Credit Date July 1 Bal., 5,900 units, 4/5 completed 31 Direct materials, 265,500 units 849,600 22,538 872,138 1,041,438 1,083,754 31 Direct labor 169,300 42,316 31 Factory overhead 31 Goods transferred, 266,000 units 31 Bal., 2 units, 3/5 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 two decimal places. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Units charged to production: 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 "O". When computing cost per equivalent units, round to two decimal places. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Units charged to production: Inventory in process, July 1 5,900 Received from materials storeroom 265,500 Total units accounted for by the Roasting Department 271,400 Units to be assigned costs: Equivalent Units Direct Materials Conversion Whole Units Inventory in process, July 1 5,900 1,180 Started and completed in July 260,100 260,100 260,100 Transferred to Packing Department in July 260,100 261,280 266,000 5,400 Inventory in process, July 31 5,400 3,240 Total units to be assigned costs 271,400 265,500 264,520 Cost Information Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department 849,600 $ 211,616 264,520 Total equivalent units 265,500 Cost per equivalent unit 3.20 $ 0.80 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 22,538 1,061,216 Costs incurred in July Total costs accounted for by the Roasting Department $ 1,083,754 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance To complete inventory in process, July 1 22,538 Cost of completed July 1 work in process Started and completed in July Transferred to Molding Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department 1,083,754 2. Assuming that the July 1 work in process inventory includes $18,290 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 Decred Decrease A Feedback Check My Work 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