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 DepartmentACCOUNT NO.DateItemDebitCreditBalanceDebitCreditJuly1Bal., 6,500 units, 2/5 completed17,42031Direct materials, 292,500 units731,250748,67031Direct labor141,700890,37031Factory overhead35,420925,79031Goods transferred, 293,000 units?31Bal., ? units, 4/5 completed?

Required:

Question Content Area

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

Units charged to production:Number of UnitsInventory in process, July 1fill in the blank cd315efc0fe1fa8_1Received from materials storeroomfill in the blank cd315efc0fe1fa8_2Total units accounted for by the Roasting Departmentfill in the blank cd315efc0fe1fa8_3Units to be assigned costs:Equivalent UnitsWhole UnitsDirect MaterialsConversionInventory in process, July 1fill in the blankfill in the blankfill in the blank cd315efc0fe1fa8_6Started and completed in Julyfill in the blank cd315efc0fe1fa8_7fill in the blank cd315efc0fe1fa8_8fill in the blank cd315efc0fe1fa8_9Transferred to Packing Department in Julyfill in the blank cd315efc0fe1fa8_10fill in the blank cd315efc0fe1fa8_11fill in the blank cd315efc0fe1fa8_12Inventory in process, July 31fill in the blank cd315efc0fe1fa8_13fill in the blank cd315efc0fe1fa8_14fill in the blank cd315efc0fe1fa8_15Total units to be assigned costsfill in the blank cd315efc0fe1fa8_16fill in the blank cd315efc0fe1fa8_17fill in the blank cd315efc0fe1fa8_18Cost per equivalent unit:Direct MaterialsConversionTotal costs for July in Roasting Department$fill in the blank cd315efc0fe1fa8_19$fill in the blank cd315efc0fe1fa8_20Total equivalent unitsfill in the blank cd315efc0fe1fa8_21fill in the blank cd315efc0fe1fa8_22Cost per equivalent unit$fill in the blank cd315efc0fe1fa8_23$fill in the blank cd315efc0fe1fa8_24Costs assigned to production:Direct MaterialsConversionTotalInventory in process, July 1$fill in the blank cd315efc0fe1fa8_25Costs incurred in Julyfill in the blank cd315efc0fe1fa8_26Total costs accounted for by the Roasting Department$fill in the blank cd315efc0fe1fa8_27Costs allocated to completed and partially completed units:Inventory in process, July 1 balance$fill in the blank cd315efc0fe1fa8_28To complete inventory in process, July 1$fill in the blank cd315efc0fe1fa8_29$fill in the blank cd315efc0fe1fa8_30fill in the blank cd315efc0fe1fa8_31Cost of completed July 1 work in process$fill in the blank cd315efc0fe1fa8_32Started and completed in Julyfill in the blank cd315efc0fe1fa8_33fill in the blank cd315efc0fe1fa8_34fill in the blank cd315efc0fe1fa8_35Transferred to Molding Department in July$fill in the blank cd315efc0fe1fa8_36Inventory in process, July 31fill in the blank cd315efc0fe1fa8_37fill in the blank cd315efc0fe1fa8_38fill in the blank cd315efc0fe1fa8_39Total costs assigned by the Roasting Department$fill in the blank cd315efc0fe1fa8_40

Question Content Area

2. Assuming that the July 1 work in process inventory includes $15,600 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 DecreaseAmountChange in direct materials cost per equivalent unitDecreaseIncrease$fill in the blank d1afc9000047f89_2Change in conversion cost per equivalent unitDecreaseIncrease$fill in the blank d1afc9000047f89_4