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Cost of Production Report Mochaccino Express Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From
Cost of Production Report Mochaccino Express 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 : ACCOUNT Work in ProcessRoasting Department ACCOUNT NO Date Item Debit Credit Balance Debit Credit July Bal., units, completed Direct materials, units Direct labor Factory overhead Goods transferred, units Bal., units, completed Required: Question Content Area Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting Department. If an amount box does not require an entry, leave it blank. When computing cost per equivalent units, round to two decimal places. Mochaccino Express Coffee Company Cost of Production ReportRoasting Department For the Month Ended July Unit Information Units charged to production:Number of Units Inventory in process, July fill in the blank eafd Received from materials storeroom fill in the blank eafd Total units accounted for by the Roasting Department fill in the blank eafd Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July fill in the blank eafd fill in the blank eafd fill in the blank eafd Started and completed in July fill in the blank eafd fill in the blank eafd fill in the blank eafd Transferred to Packing Department in July fill in the blank eafd fill in the blank eafd fill in the blank eafd Inventory in process, July fill in the blank eafd fill in the blank eafd fill in the blank eafd Total units to be assigned costs fill in the blank eafd fill in the blank eafd fill in the blank eafd Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank eafd $fill in the blank eafd Total equivalent units fill in the blank eafd fill in the blank eafd Cost per equivalent unit $fill in the blank eafd $fill in the blank eafd Costs charged to production: Direct Materials Conversion Total Inventory in process, July $fill in the blank eafd Costs incurred in July fill in the blank eafd Total costs accounted for by the Roasting Department $fill in the blank eafd Cost allocated to completed and partially completed units: Inventory in process, July balance $fill in the blank eafd To complete inventory in process, July $fill in the blank eafd $fill in the blank eafd fill in the blank eafd Cost of completed July work in process $fill in the blank eafd Started and completed in July fill in the blank eafd fill in the blank eafd fill in the blank eafd Transferred to Packing Department in July $fill in the blank eafd Inventory in process, July fill in the blank eafd fill in the blank eafd fill in the blank eafd Total costs assigned by the Roasting Department $fill in the blank eafd Question Content Area Assuming that the July 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 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 $fill in the blank acefe Change in conversion cost per equivalent unit Decrease $fill in the blank acefe
Cost of Production Report
Mochaccino Express 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 :
ACCOUNT Work in ProcessRoasting Department ACCOUNT NO
Date Item Debit Credit Balance
Debit Credit
July Bal., units, completed
Direct materials, units
Direct labor
Factory overhead
Goods transferred, units
Bal., units, completed
Required:
Question Content Area
Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting Department. If an amount box does not require an entry, leave it blank. When computing cost per equivalent units, round to two decimal places.
Mochaccino Express Coffee Company
Cost of Production ReportRoasting Department
For the Month Ended July
Unit Information
Units charged to production:Number of Units
Inventory in process, July fill in the blank eafd
Received from materials storeroom fill in the blank eafd
Total units accounted for by the Roasting Department fill in the blank eafd
Units to be assigned costs: Equivalent Units
Whole
Units Direct
Materials
Conversion
Inventory in process, July fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Started and completed in July fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Transferred to Packing Department in July fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Inventory in process, July fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Total units to be assigned costs fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Cost Information
Costs per equivalent unit: Direct
Materials
Conversion
Total costs for July in Roasting Department $fill in the blank eafd
$fill in the blank eafd
Total equivalent units fill in the blank eafd
fill in the blank eafd
Cost per equivalent unit $fill in the blank eafd
$fill in the blank eafd
Costs charged to production:
Direct
Materials
Conversion
Total
Inventory in process, July $fill in the blank eafd
Costs incurred in July fill in the blank eafd
Total costs accounted for by the Roasting Department $fill in the blank eafd
Cost allocated to completed and partially completed units:
Inventory in process, July balance $fill in the blank eafd
To complete inventory in process, July $fill in the blank eafd
$fill in the blank eafd
fill in the blank eafd
Cost of completed July work in process $fill in the blank eafd
Started and completed in July fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Transferred to Packing Department in July $fill in the blank eafd
Inventory in process, July fill in the blank eafd
fill in the blank eafd
fill in the blank eafd
Total costs assigned by the Roasting Department $fill in the blank eafd
Question Content Area
Assuming that the July 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 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
$fill in the blank acefe
Change in conversion cost per equivalent unit
Decrease
$fill in the blank acefe
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