Cost of Production Report Lui 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 March 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit March 1 Bal., 7,500 units, 1/5 completed 19,050 31 Direct materials, 337,500 units 843,750 862,800 31 Direct labor 163,500 1,026,300 31 Factory overhead 40,920 1,067,220 31 Goods transferred, 338,000 units ? 31 Bal., ? 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 the nearest cent. Lui Coffee Company Cost of Production Report-Roasting Department Units Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: For the Month Ended March 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion 7,500 Inventory in process, March 1 7,500 0 6,000 Started and completed in March 330,500 330,500 330,500 Transferred to Packing Department in March 338,000 330,500 336,500 Inventory in process, March 31 7,000 7,000 4,200 Total units to be assigned costs 345,000 337,500 340,700 Costs Cost per equivalent unit: Total costs for March in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Roasting Department Costs Direct Materials Conversion Total 843,750 204,420 337,500 340,700 2.5 0.6 19,050 3,600 X $ 22,650 X Costs allocated to completed and partially completed units: Inventory in process, March 1 balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total costs assigned by the Roasting Department | | | 2. Assuming that the March 1 work in process inventory includes $18,000 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to two decimal places. Increase or Decrease Change in direct materials cost per equivalent unit Increase Decrease Change in conversion cost per equivalent unit Feedback Amount Check My Work 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. Compare the costs per equivalent unit for February and March. The costs per equivalent unit for materials and conversion for February are in the March 1 work in process inventory. The materials amount is given.