Cost of Production Report Item July Arabica Highland 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 313 ACCOUNT Work in Process Roasting Department ACCOUNT NO. Balance Date Debit Credit Debit Credit 1 Bal., 4,400 units, 4/5 completed 11,704 31 Direct materials, 176,000 units 387,200 398,904 31 Direct labor 84,200 483,104 31 Factory overhead 21,112 504,216 31 Goods transferred, 177,000 units 31 Bal., 2 units, 3/5 completed Required: 1. Prepare a cost of production report, and Identity the missing amounts for Work in process Roasting Department. W an amount w zero, enter For Wheen computing cout per equivalent units, round to two decimal places Arabica Highland Cittee Company Cost of Production Report-Roasting Department For the Month Ended July 31 ? Unit Information Units charged to production: Inventory in process, July 1 Received from materials storeroom Received from materials storeroom 8 Total units accounted for by the Roasting Department Units to be assigned costs: Whole Units Equivalent Units Direct Materials Conversion Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total units to be assigned costs Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Costs charged to production: Direct Materials Conversion Total Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department Obec Total costs accounted for by the Roasting Department Cost 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 Dini Transferred to Packing Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department Feedback Check My Wor 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 Indudes $9,240 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and 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