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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

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 ProcessRoasting Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
July 1 Bal., 7,000 units, 4/5 completed 23,380
31 Direct materials, 315,000 units 882,000 905,380
31 Direct labor 174,500 1,079,880
31 Factory overhead 43,620 1,123,500
31 Goods transferred, 316,000 units ?
31 Bal., ? units, 1/5 completed ?

Required:

1. Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting 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 fill in the blank 2b5b8c02ffc6fcf_1
Received from materials storeroom fill in the blank 2b5b8c02ffc6fcf_2
Total units accounted for by the Roasting Department fill in the blank 2b5b8c02ffc6fcf_3
Units to be assigned costs:
Equivalent Units
Whole Units Direct Materials Conversion
Inventory in process, July 1 fill in the blank 2b5b8c02ffc6fcf_4 fill in the blank 2b5b8c02ffc6fcf_5 fill in the blank 2b5b8c02ffc6fcf_6
Started and completed in July fill in the blank 2b5b8c02ffc6fcf_7 fill in the blank 2b5b8c02ffc6fcf_8 fill in the blank 2b5b8c02ffc6fcf_9
Transferred to Packing Department in July fill in the blank 2b5b8c02ffc6fcf_10 fill in the blank 2b5b8c02ffc6fcf_11 fill in the blank 2b5b8c02ffc6fcf_12
Inventory in process, July 31 fill in the blank 2b5b8c02ffc6fcf_13 fill in the blank 2b5b8c02ffc6fcf_14 fill in the blank 2b5b8c02ffc6fcf_15
Total units to be assigned costs fill in the blank 2b5b8c02ffc6fcf_16 fill in the blank 2b5b8c02ffc6fcf_17 fill in the blank 2b5b8c02ffc6fcf_18
Cost Information
Cost per equivalent unit:
Direct Materials Conversion
Total costs for July in Roasting Department $fill in the blank 2b5b8c02ffc6fcf_19 $fill in the blank 2b5b8c02ffc6fcf_20
Total equivalent units fill in the blank 2b5b8c02ffc6fcf_21 fill in the blank 2b5b8c02ffc6fcf_22
Cost per equivalent unit $fill in the blank 2b5b8c02ffc6fcf_23 $fill in the blank 2b5b8c02ffc6fcf_24
Costs assigned to production:
Direct Materials Conversion Total
Inventory in process, July 1 $fill in the blank 2b5b8c02ffc6fcf_25
Costs incurred in July fill in the blank 2b5b8c02ffc6fcf_26
Total costs accounted for by the Roasting Department $fill in the blank 2b5b8c02ffc6fcf_27
Costs allocated to completed and partially completed units:
Inventory in process, July 1 balance $fill in the blank 2b5b8c02ffc6fcf_28
To complete inventory in process, July 1 $fill in the blank 2b5b8c02ffc6fcf_29 $fill in the blank 2b5b8c02ffc6fcf_30 fill in the blank 2b5b8c02ffc6fcf_31
Cost of completed July 1 work in process $fill in the blank 2b5b8c02ffc6fcf_32
Started and completed in July fill in the blank 2b5b8c02ffc6fcf_33 fill in the blank 2b5b8c02ffc6fcf_34 fill in the blank 2b5b8c02ffc6fcf_35
Transferred to Molding Department in July $fill in the blank 2b5b8c02ffc6fcf_36
Inventory in process, July 31 fill in the blank 2b5b8c02ffc6fcf_37 fill in the blank 2b5b8c02ffc6fcf_38 fill in the blank 2b5b8c02ffc6fcf_39
Total costs assigned by the Roasting Department $fill in the blank 2b5b8c02ffc6fcf_40

Feedback

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 $18,900 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 $fill in the blank 99457c00005cfed_2
Change in conversion cost per equivalent unit Decrease $fill in the blank 99457c00005cfed_4

Feedback

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

Partially correct

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