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 8,056 318,106 310,050 56,800 374,906 1 Bal., 5,300 units, 4/5 completed 31 Direct materials, 238,500 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 239,000 units 31 Bal., 2 units, 2/5 completed 14,204 389,110 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: Inventory in process, July 1 5,300 Received from materials storeroom 238,500 Total units accounted for by the Roasting Department 243,800 Whole Units Equivalent Units Direct Materials Conversion 1,060 Inventory in process, July 1 5,300 Started and completed in July 233,700 233,700 233,700 Transferred to Packing Department in July 239,000 233,700 234,760 1,920 Inventory in process, July 31 4,800 4,800 Total units to be assigned costs 243,800 1238,500 236,680 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total 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 Inventory in process, July 31 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 cor started and completed, and the ending inventory. 2. Assuming that the July 1 work in process inventory includes $6,360 of direct materials, determine the increase conversion between June 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 2. Compare the costs per equivalent unit for June and July. The costs per equivalent unit for materials and conversion for J
