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., 4,800 units, 1/5 completed 6,624 31 Direct materials, 216,000 units 302,400 309,024 31 Direct labor 31 Factory overhead 52,300 13,076 361,324 374,400 31 Goods transferred, 216,000 units ? 31 Bal., 2 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 For the Month Ended March 31 Units Units charged to production: Equivalent Units Equivalent Units Whole Units Direct Materials Conversion 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., 4,800 units, 1/5 completed 6,624 31 Direct materials, 216,000 units 302,400 309,024 31 Direct labor 31 Factory overhead 52,300 13,076 361,324 374,400 31 Goods transferred, 216,000 units ? 31 Bal., 2 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 For the Month Ended March 31 Units Units charged to production: Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Cost per equivalent unit: Total costs for March in Roasting Department 302,400 65,376 Total equivalent units 216,000 217,920 Cost per equivalent unit 1.40 0.30 Costs assigned to production: Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Roasting Department 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 0 Total costs assigned by the Roasting Department 2. Assuming that the March 1 work in process inventory includes $6,240 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 Amoun Calculator