Hi! I need help with finding the conversion for total units to be assigned cost! thank you
Cost of Production Report 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 1 Bal., 6,700 units, 2/5 completed 23,852 31 Direct materials, 301,500 units 994,950 1,018,802 31 Direct labor 192,400 1,211,202 31 Factory overhead 48,048 1,259,250 3 Goods transferred, 302,000 units ? 31 Bal., 2 units, 1/5 completed 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 "O". 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 Unit Information 6,700 Units charged to production: Inventory in process, July 1 Received from materials storeroom 301,500 308.200 Total units accounted for by the Roasting Department Previous Check My Work All work saved. Save and Exit Submit Assignment for Grading 308,200 Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent Units Direct Conversion Materials Whole Units Inventory in process, July 1 6,700 0 4,020 295,300 295,300 295,300 Started and completed in July Transferred to Packing Department in July 302,000 295,300 299,320 Inventory in process, July 31 6,200 6,200 Total units to be assigned costs 308,200 301,500 Cost Information Cost per equivalent unit: Direct Materials Conversion 994,950 240,448 Total costs for July in Roasting Department Total equivalent units 301,500 3.3 0.7 X Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 23,852 Costs incurred in July 1,235,398 1,259,250 Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units