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I need help completing a Cost of Production Report i attached several photos that show what all the report wants shown Cost of Production Report
I need help completing a "Cost of Production Report"
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 313 ACCOUNT Work in Process --Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 1 Bal., 4,900 units, 1/5 completed 11,466 31 Direct materials, 220,500 units 507,150 518,616 31 Direct labor 106,000 624,616 31 Factory overhead 26,540 651,156 31 Goods transferred, 221,000 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. Ir an amount is vero, 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 7 Unit Information Units charged to production Inventory in process, July 1 Received from materials storeroom 1 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 Units charged to production Inventory in process, July 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs Equivalent Units Whole Units Materials Conversion 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 po Direct Cost Information Cost per equivalent unit: Direct Materials Conversion Conversion Direct Materials Total costs for July In Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Inventory in process, July 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 DDDDDDDDDD DOO 2. Assuming that the July 1 work in process inventory includes $10,780 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between June and July. If required, round your answers to the nearest cent. Increase or Decrease Amount Totaeque a Total Cost per equivalent unit Costs assigned to production Direct Materials Conversion 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 La 100 DOLILOO 2. Assuming that the July 1 work in process inventory Includes $10,780 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between June and July. It 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 unit i attached several photos that show what all the report wants shown
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