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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
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 : ACCOUNT Work in ProcessRoasting Department ACCOUNT NO Date Item Debit Credit Balance Debit Balance Credit March Bal., units, completed Direct materials, units Direct labor Factory overhead Goods transferred, units Bal., units, completed Required: Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting Department. If an amount is zero, enter When computing cost per equivalent units, round to the nearest cent. Lui Coffee Company Cost of Production ReportRoasting Department For the Month Ended March Units Whole Units Equivalent Units Direct Materials Equivalent Units Conversion Units charged to production: Inventory in process, March fill in the blank Received from materials storeroom fill in the blank Total units accounted for by the Roasting Department fill in the blank Units to be assigned costs: Inventory in process, March fill in the blank fill in the blank fill in the blank Started and completed in March fill in the blank fill in the blank fill in the blank Transferred to Packing Department in March fill in the blank fill in the blank fill in the blank Inventory in process, March fill in the blank fill in the blank fill in the blank Total units to be assigned costs fill in the blank fill in the blank fill in the blank Costs Costs Direct Materials Conversion Total Cost per equivalent unit: Total costs for March in Roasting Department $fill in the blank $fill in the blank Total equivalent units fill in the blank fill in the blank Cost per equivalent unit $fill in the blank $fill in the blank Costs assigned to production: Inventory in process, March $fill in the blank Costs incurred in March fill in the blank Total costs accounted for by the Roasting Department $fill in the blank Costs allocated to completed and partially completed units: Inventory in process, March balance $fill in the blank To complete inventory in process, March $fill in the blank $fill in the blank fill in the blank Cost of completed March work in process $fill in the blank Started and completed in March fill in the blank fill in the blank fill in the blank Transferred to finished goods in March $fill in the blank Inventory in process, March fill in the blank fill in the blank fill in the blank Total costs assigned by the Roasting Department $fill in the blank Assuming that the March work in process inventory includes $ 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. Line Item Description Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank Change in conversion cost per equivalent unit $fill in the blank
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 :
ACCOUNT Work in ProcessRoasting Department ACCOUNT NO
Date Item Debit Credit Balance
Debit Balance
Credit
March Bal., units, completed
Direct materials, units
Direct labor
Factory overhead
Goods transferred, units
Bal., units, completed
Required:
Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting Department. If an amount is zero, enter When computing cost per equivalent units, round to the nearest cent.
Lui Coffee Company
Cost of Production ReportRoasting Department
For the Month Ended March
Units Whole Units Equivalent Units
Direct Materials Equivalent Units
Conversion
Units charged to production:
Inventory in process, March fill in the blank
Received from materials storeroom fill in the blank
Total units accounted for by the Roasting Department fill in the blank
Units to be assigned costs:
Inventory in process, March fill in the blank
fill in the blank
fill in the blank
Started and completed in March fill in the blank
fill in the blank
fill in the blank
Transferred to Packing Department in March fill in the blank
fill in the blank
fill in the blank
Inventory in process, March fill in the blank
fill in the blank
fill in the blank
Total units to be assigned costs fill in the blank
fill in the blank
fill in the blank
Costs
Costs Direct Materials Conversion Total
Cost per equivalent unit:
Total costs for March in Roasting Department $fill in the blank
$fill in the blank
Total equivalent units fill in the blank
fill in the blank
Cost per equivalent unit $fill in the blank
$fill in the blank
Costs assigned to production:
Inventory in process, March $fill in the blank
Costs incurred in March fill in the blank
Total costs accounted for by the Roasting Department $fill in the blank
Costs allocated to completed and partially completed units:
Inventory in process, March balance $fill in the blank
To complete inventory in process, March $fill in the blank
$fill in the blank
fill in the blank
Cost of completed March work in process $fill in the blank
Started and completed in March fill in the blank
fill in the blank
fill in the blank
Transferred to finished goods in March $fill in the blank
Inventory in process, March fill in the blank
fill in the blank
fill in the blank
Total costs assigned by the Roasting Department $fill in the blank
Assuming that the March work in process inventory includes $ 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.
Line Item Description Increase or Decrease Amount
Change in direct materials cost per equivalent unit
$fill in the blank
Change in conversion cost per equivalent unit
$fill in the blank
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