Question
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
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:
CCOUNT Work in ProcessRoasting Department | ACCOUNT NO. | ||||||||
Date | Item | Debit | Credit | Balance | |||||
Debit | Credit | ||||||||
July | 1 | Bal., 6,100 units, 4/5 completed | 9,272 | ||||||
31 | Direct materials, 274,500 units | 356,850 | 366,122 | ||||||
31 | Direct labor | 65,100 | 431,222 | ||||||
31 | Factory overhead | 16,272 | 447,494 | ||||||
31 | Goods transferred, 275,000 units | ? | |||||||
31 | Bal., ? units, 1/5 completed | ? |
Required:Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to two decimal places.
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: |
Inventory in process, July 1 | fill in the blank 6d0543015f84fe0_4 | fill in the blank 6d0543015f84fe0_5 | fill in the blank 6d0543015f84fe0_6 |
Started and completed in July | fill in the blank 6d0543015f84fe0_7 | fill in the blank 6d0543015f84fe0_8 | fill in the blank 6d0543015f84fe0_9 |
Transferred to Packing Department in July | fill in the blank 6d0543015f84fe0_10 | fill in the blank 6d0543015f84fe0_11 | fill in the blank 6d0543015f84fe0_12 |
Inventory in process, July 31 | fill in the blank 6d0543015f84fe0_13 | fill in the blank 6d0543015f84fe0_14 | fill in the blank 6d0543015f84fe0_15 |
Total units to be assigned costs | fill in the blank 6d0543015f84fe0_16 | fill in the blank 6d0543015f84fe0_17 | fill in the blank 6d0543015f84fe0_18 |
Cost Information | |||
Cost per equivalent unit: | |||
Direct Materials | Conversion | ||
Total costs for July in Roasting Department | $fill in the blank 6d0543015f84fe0_19 | $fill in the blank 6d0543015f84fe0_20 | |
Total equivalent units | fill in the blank 6d0543015f84fe0_21 | fill in the blank 6d0543015f84fe0_22 | |
Cost per equivalent unit | $fill in the blank 6d0543015f84fe0_23 | $fill in the blank 6d0543015f84fe0_24 | |
Costs assigned to production: | |||
Direct Materials | Conversion | Total | |
Inventory in process, July 1 | $fill in the blank 6d0543015f84fe0_25 | ||
Costs incurred in July | fill in the blank 6d0543015f84fe0_26 | ||
Total costs accounted for by the Roasting Department | $fill in the blank 6d0543015f84fe0_27 | ||
Costs allocated to completed and partially completed units: | |||
Inventory in process, July 1 balance | $fill in the blank 6d0543015f84fe0_28 | ||
To complete inventory in process, July 1 | $fill in the blank 6d0543015f84fe0_29 | $fill in the blank 6d0543015f84fe0_30 | fill in the blank 6d0543015f84fe0_31 |
Cost of completed July 1 work in process | $fill in the blank 6d0543015f84fe0_32 | ||
Started and completed in July | fill in the blank 6d0543015f84fe0_33 | fill in the blank 6d0543015f84fe0_34 | fill in the blank 6d0543015f84fe0_35 |
Transferred to Molding Department in July | $fill in the blank 6d0543015f84fe0_36 | ||
Inventory in process, July 31 | fill in the blank 6d0543015f84fe0_37 | fill in the blank 6d0543015f84fe0_38 | |
Total costs assigned by the Roasting Department | \
|
Assuming that the July 1 work in process inventory includes $7,320 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 |
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