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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:
ACCOUNT Work in ProcessRoasting Department | ACCOUNT NO. | ||||||||
Date | Item | Debit | Credit | Balance | |||||
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, 149,000 units | ? | |||||||
31 | Bal., ? units, 45% completed | ? |
Required:
1. 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 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 | fill in the blank 195b06090ffbfa3_1 | ||
Received from materials storeroom | fill in the blank 195b06090ffbfa3_2 | ||
Total units accounted for by the Roasting Department | fill in the blank 195b06090ffbfa3_3 | ||
Units to be assigned costs: | |||
Equivalent Units | |||
Whole Units | Direct Materials | Conversion | |
Inventory in process, July 1 | fill in the blank 195b06090ffbfa3_4 | fill in the blank 195b06090ffbfa3_5 | fill in the blank 195b06090ffbfa3_6 |
Started and completed in July | fill in the blank 195b06090ffbfa3_7 | fill in the blank 195b06090ffbfa3_8 | fill in the blank 195b06090ffbfa3_9 |
Transferred to Packing Department in July | fill in the blank 195b06090ffbfa3_10 | fill in the blank 195b06090ffbfa3_11 | fill in the blank 195b06090ffbfa3_12 |
Inventory in process, July 31 | fill in the blank 195b06090ffbfa3_13 | fill in the blank 195b06090ffbfa3_14 | fill in the blank 195b06090ffbfa3_15 |
Total units to be assigned costs | fill in the blank 195b06090ffbfa3_16 | fill in the blank 195b06090ffbfa3_17 | fill in the blank 195b06090ffbfa3_18 |
Cost Information | |||
Cost per equivalent unit: | |||
Direct Materials | Conversion | ||
Total costs for July in Roasting Department | $fill in the blank 195b06090ffbfa3_19 | $fill in the blank 195b06090ffbfa3_20 | |
Total equivalent units | fill in the blank 195b06090ffbfa3_21 | fill in the blank 195b06090ffbfa3_22 | |
Cost per equivalent unit | $fill in the blank 195b06090ffbfa3_23 | $fill in the blank 195b06090ffbfa3_24 | |
Costs assigned to production: | |||
Direct Materials | Conversion | Total | |
Inventory in process, July 1 | $fill in the blank 195b06090ffbfa3_25 | ||
Costs incurred in July | fill in the blank 195b06090ffbfa3_26 | ||
Total costs accounted for by the Roasting Department | $fill in the blank 195b06090ffbfa3_27 | ||
Costs allocated to completed and partially completed units: | |||
Inventory in process, July 1 balance | $fill in the blank 195b06090ffbfa3_28 | ||
To complete inventory in process, July 1 | $fill in the blank 195b06090ffbfa3_29 | $fill in the blank 195b06090ffbfa3_30 | fill in the blank 195b06090ffbfa3_31 |
Cost of completed July 1 work in process | $fill in the blank 195b06090ffbfa3_32 | ||
Started and completed in July | fill in the blank 195b06090ffbfa3_33 | fill in the blank 195b06090ffbfa3_34 | fill in the blank 195b06090ffbfa3_35 |
Transferred to Packing Department in July | $fill in the blank 195b06090ffbfa3_36 | ||
Inventory in process, July 31 | fill in the blank 195b06090ffbfa3_37 | fill in the blank 195b06090ffbfa3_38 | fill in the blank 195b06090ffbfa3_39 |
Total costs assigned by the Roasting Department | $fill in the blank 195b06090ffbfa3_40 |
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