need help with bottom 2
O O Ouction Report Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work i Roasting Department at July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Date Item Debit Credit July Balance Debit Credit 18,104 707,954 837,754 689,850 129,800 1 Bal., 7,300 units, 4/5 completed 31 Direct materials, 328,500 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 329,000 units 31 Bal., 2 units, 1/5 completed 32,460 870,214 Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process --Roasting Department. If an al 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 Tinit Information Unit Information Units charged to production: Inventory in process, July 1 7,300 Received from materials storeroom 328,500 335,800 Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent Units Direct Materials Conversion 1,460 Inventory in process, July 1 7.300 Started and completed in July 321,700 321,700 321,700 Transferred to Packing Department in July 329.000 121,700 323,160 Inventory in process, July 31 1,360 Total units to be assigned costs 335,800 328,500 324,520 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department 689,850 $ 162,260 Total equivalent units 328,500 124,520 Cost per equivalent unit Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $ 18,104 Costs incurred in July 852,110 $ 870,214 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 s $ 18,104 ov $ 730 730 Cost of completed July 1 work in process $ 18,834 Started and completed in July 675,570 160,850 836,420 Transferred to Molding Department in July $ 855,254 14,960 Inventory in process, July 31 14,280 680 Total costs assigned by the Roasting Department $ 870,214 2. Assuming that the July 1 work in process inventory includes $14,600 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 Change in direct materials cost per equivalent unit Increase Change in conversion cost per equivalent unit Decrease Feedback
