eBook Print 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 Date Item Debit Credit Debit Credit 18,542 839,792 821,250 157,900 997,692 July 1 Bal., 7,300 units, 1/5 completed 31 Direct materials, 328,500 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 329,000 units 31 Bal., 2 units, 1/5 completed Required: 39,440 1,037,132 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 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 7.300 Received from materials storeroom 328,500 Total units accounted for by the Roasting Department 335,800 Units to be assigned costs: Equivalent Units Direct Whole Units Conversion Materials Inventory in process ulv. 1 7 un cost of production Report-Roasting Department For the Month Ended July 31 7,300 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: 328,500 335,800 Equivalent Units Direct Conversion Materials Whole Units 7.300 5,840 327,040 X 321,200 X Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total units to be assigned costs 328,500X 7,300 X 335,800 328,500 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 Inventory in process, July 1 Costs incurred in July 5 Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: V2.cengagenow.com My Home CengageNOWv2 | Online teaching and learn... 13705 BUS 111 F Business eBook Print Item 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 1 work in process Started and completed in July Transferred to Molding Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department 10 0 X Feedback Check My Work 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials a conversion costs. Calculate the costs assigned to the beginning inventory, the units started and completed, and the e inventory. 2. Assuming that the July 1 work in process inventory includes $17,520 of direct materials, determine the increase or decre the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Increase Change in conversion cost per equivalent unit Decrease Feedback