Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Holiling Department of Oak Ridge Steel Company are $0.55 and $0.95, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 4,700 Started and completed during July 59,000 59,000 Transferred out of Rolling completed) 59,000 63,700 Inventory la process, July 31 7,000 3.500 Total units to be assigned costs 66,000 67,200 The beginning work in process inventory on Joly 1 had a cost of $2,590. Determine the cost of completed and transferred-out production, the ending work in process Inventory, and the total costs assigned by the Rolling Department Completed and transferred-out production Inventory in process, ending Total costs assigned by the Rolling Department Cost of Production Report Hana 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 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 1 Bal.,7,800 units, 3/5 completed 12,012 31 Direct materials, 351,000 units 491,400 503,412 31 Direct labor 84,700 588,112 31 Factory overhead 21.128 609,240 31 Goods transferred, 352,000 units 7 31 Bal., 2 units, 4/5 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 "o". When computing cost per equivalent units, round to two decimal places Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Units charged to production: Inventory in process, July 1 Received from materials storeroom URILE Units charged to production: Inventory in process, July 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Whole Units Equivalent Units Direct Materials Conversion Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Tnventory in process, July 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production Direct Materials Conversion Total Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units Inventory in process, July 1 balance To complete inventory in process, July 1 Cost of completed July I work in process Started and completed in July Transferred to Molding Department in July Inventory in process, July Total costs assigned by the Roasting Department 2. Assuming that the July 1 work in process inventory includes $10,140 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 Change in conversion cost per equivalent unit