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Oct. 1 Bal., 13,500 units, 80% completed 40,905 31 Direct materials, 233,600 units 401,792 442,697 31 Direct labor 220,337 663,034 31 Factory overhead 317,071 980,105
Oct. | 1 | Bal., 13,500 units, 80% completed | 40,905 | |||||
31 | Direct materials, 233,600 units | 401,792 | 442,697 | |||||
31 | Direct labor | 220,337 | 663,034 | |||||
31 | Factory overhead | 317,071 | 980,105 | |||||
31 | Goods transferred, 235,600 units | ? | ? | |||||
31 | Bal., ? units, 30% completed | ? |
Required:
Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in ProcessRoasting Department. If required, round your cost per equivalent unit answer to two decimal places.
AM Coffee Company | ||
Cost of Production Report Roasting Department | ||
For the Month Ended October 31, 2016 | ||
Unit Information | ||
Units to account for during production: | ||
Inventory in process, October 1 | ||
Received from materials storeroom | ||
Total units accounted for by the Roasting Department | ||
Units to be assigned costs: | ||
Whole Units | Equivalent Units of Production | |
Transferred to Packing Department in October | ||
Inventory in process, October 31 | ||
Total units to be assigned costs | ||
Cost Information | ||
Unit costs: | ||
Costs | ||
Total costs for October in Roasting Department | $ | |
Total equivalent units | ||
Cost per equivalent unit | $ | |
Costs charged to production: | ||
Inventory in process, October 1 | $ | |
Costs incurred in October | ||
Total costs accounted for by the Roasting Department | $ | |
Costs allocated to completed and partially completed units: | ||
Transferred to Packing Department in October | $ | |
Inventory in process, October 31 | ||
Total costs assigned by the Roasting Department | $ |
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