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help Lui Coltee Company reasts and pocks cotfee beant. The process begins by placing coffee beans into the Roasting Department. From the Roasting Dopartment, coffee
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Lui Coltee Company reasts and pocks cotfee beant. The process begins by placing coffee beans into the Roasting Department. From the Roasting Dopartment, coffee beans are to the Packiog Department. The following is a partial work in process account of the Roasting Department at March 31 : Phequired: 1. Prepare a cost of preduction report, and identufy the missing amounts for Work in Process-Foaiting becurtment. If anjamdubt is tero, enter to: When computing cost per equh units, round to the nearest cent. Lui Coffee Company Cost of Production Report-Roasting Department For the Month Ended March 31 Costs Costs assigned to production: Inventory in process, March I Costs incurred in March Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units! Inventory in process, March 1 balance To complete inventory in process, March 1 Cost of completed March 1 work in process started and completed in March Transterred to finished goods in March Inventory in process, March 31 Total coits assigned by the Roasting Depatmeot 2. Assuming that the March 1 work in process inventory includes $16,320 of direct materials, determine the increase or decroase in the cost per equivalent unit for direct materials a conversion between February and March. If required, round your answers to two decimal places. F Creck Mr won. 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for matedals and conversion cests. Calculate the costs assioned to the Copinnu inventory, the units started and comploted, and the ending inventory. 2. Compare the costs per equivalent unit for February and March. The costs per equivalent unit for materials and conversion, for february are in the March I work in process inhentorn The materials ampunt is olven Step by Step Solution
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