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 $31$:

$\backslash$table$[[$ACCOUNT Work in Process$-$Roasting Department,ACCOUNT NO$.],[$Date$,$Item,Debit,Credit,$\backslash$table$[[$Balance$],[$Debit$]],\backslash$table$[[$Balance$],[$Credit$]]],[$March $1,$Bal., $6,700$ units, $\frac{3}{5}$ completed,,,$25,058,],[31,$Direct materials, $301,500$ units,$994,950,,1,020,008,],[31,$Direct labor,$193,900,,1,213,908,],[31,$Factory overhead,$48,452,,1,262,360,],[31,$Goods transferred, $302,000$ units,,?,,$],[31,$Bal., $?$ units, $4/5$ completed,,,?,X$]]$

Required:

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 $31$

$\backslash$table$[[,,$Equivalent Units,Equivalent Units$],[$Units$,$Whole Units,Direct Materials,Conversion$]]$

Units charged to production:

Inventory in process, March $1$

$1$

$$

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All work saved.

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 $31$

$\backslash$table$[[$Units$,$Whole Units,$\backslash$table$[[$Equivalent Units$],[$Direct Materials$]],\backslash$table$[[$Equivalent Units$],[$Conversion$]]]]$

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:

Inventory in process, March $1$

Started and completed in March

Transferred to Packing Department in March

Inventory in process, March $31$

Total units to be assigned costs

$\backslash$table$[[,,,,],[,,,,],[,,,,],[,,,,x$