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Help me finish this problem please! Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department.
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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 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 July Bal., 6,300 units, 1/5 completed 31 Direct materials, 283,500 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 284,000 units 31 Bal., 2 units, 4/5 completed 18,018 811,818 972,718 1,012,984 793,800 160,900 40,266 Required: 1. Prepare a cost of production report, and identify the missing amounts for work in Process-Roasting Department. If an amount is zero, enter "0". 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 Units charged to production Inventory in process, July 1 Received from materials storeroom 6,300 283,500 Total units accounted for by the Roasting Department 289,800 Units to be assigned costs: Equivalent Units Direct Whole Units Materials 6,300 5,040 Inventory in process, July 1 Started and completed in July Transferred to Packing Department in Juy Inventory in process, July 31 Total units to be assigned costs 277,700277,700V 284,000 | 1 277,700 | | 282,740| Informa Cost per equivalent unit: Direct Materials Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production Direct Materials Tota 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 Feedbaclk 2. Assuming that the July 1 work in process inventory includes $17,010 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February 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 unitStep by Step Solution
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