he Draw Insert Page Layout Formulas Review Data View Tell me ' EEE Wrap Text ID ste BIU M $ Merge & Center fx A B D E F G Enter a 2010 nos you would otherwise be Bank H JK L M O Hana Coffee Company Cost of Production Report Roasting Department For the Month Ended July 31 UNITS Equivalente Direct Materials Conversion Whole Units Unts charged to production Inventory in process, July 1 Received from materials toreroom Total units accounted for by the Roasting Department 24 25 26 27 28 29 30 completo) Unts to be assigned cost 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 + completo) COSTS 32 33 34 35 35 37 Direct Material Conta Conversion Total Cost per equivalent unt Total costs for July in Roasting Department Total equivalent units Cost per equivalent unt 41 42 43 44 45 46 47 42 Costs assigned to production Inventory in process Costs incurred in Tot costs accounted for by the Roasting Department Costicated to come and partially completed units Inventory in proces, July To compte vetorin process, July 1 Cost of comedy in process Started and completed July Transferred to Packing Department in July Inventory in proces, y Total signed by the Roasting Department 50 E 53 54 55 56 2 Pr. 170-2A Ready 2 Inventory in process, July 31 Total costs assigned by the Roasting Department 2 July 1 work in process Less direct materials Convension costs Conversion cost equivalent units Units in process Percent complete Equivalent units Direct Materials Conversion July costs per equivalent unt(from part 1) June costs per equivalent un Total costs in Work in process, July 1 Total equivalent units Cost per equivalent unit Increase decrease) 71 73 74 75 76 77 78 79 80 81 82 63 84 H5 BO 87 08 BO GO 01 Pr. 170-2A Ready ese 23 7 NO 3 4 96 5 6 Q W E R. T A S D F G PR 17-2A Cost of Production Report Obj. 2. 4 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 Credit July 1 Bal, 30,000 units, 10% completed 31 Direct materials, 155,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 149,000 units 31 Bal., 2 units, 45% completed Instructions Debit Credit Debit 121,800 620,000 741,800 90,000 831,800 33,272 865,072 ? 2 1. Prepare a cost of production report, and identify the missing amounts for Work in Process Roasting Department Answer Check Figure: Conversion cost per equivalent unit, $0.76 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 0 N 7 T U O F G N C B
