Date Item 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 Debit Credit Debit Credit July 1 Bal., 30,000 units, 10% completed 121,800 31 Direct materials, 155,000 units 620,000 741,800 31 Direct labor 90,000 831,800 31 Factory overhead 33,272 865,072 31 Goods transferred, 146,000 units 31 Bal., 2 units, 45% completed Required: ? 2 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 the nearest cent. 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 Total units accounted for by the Roasting Department Units to be assigned costs: eBook Calculator Printer 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 6,000 X 270,000 X 276,000 X Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent Units Direct Conversion Materials Whole Units Inventory in process, July 1 000 x 1.200 X 264,000 X 264.000 X 260,000 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 270,000 X 264.000 x 265,200 X 6,000 X 6,000 x 2.400 X Total units to be assigned costs 176,000 X 370,000 x 267,700 x Cost Information Cost per equivalent unit: Total costs for July in Roasting Department Total equivalent units Direct Materials Conversion $10,000 XS 214, X 270.000 X 267.600 x XS X Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $ 21,770 x Check My Work Previous All work saved Emainstor Save and Ex Submit Assignment for 28. W G A dow Help v2.cengagenow.com le-Chapter 17 CengageNOWV2 Online teaching and learning resource from Cengage Learni eBook Calculator Print Item Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 21,720 X Costs incurred in July 1,024,080 x 1,045,800 X Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, July 1 balance 21,720 x x 960 x 22.40 x 792,000 X 211,100 x 1,003,100 X To complete inventory in process, July 1 Cost of completed July 1 work in process Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department 1,025RSD X 18,000 X 1,920 x 19,920 X 1,045,800 x Oh My Work 1. Calculate equivalent units for materials and conversion cont. Calculate the cost per equivalent unit for materials and conversion costs Calculate the costs as to the beginning inventory, the units started and completed, and the ending Inventory 2. Assuming that the July 1 work in process inventory includes $119,400 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 two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase $ 0.1 x Change in conversion cost per equivalent unit Decrease $ 0.6 X Check My Work Previous All work saved Email Instructor Save and Submit Assignment for Gre 28 W AR A
