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please help me with this thank you! Cost of Production Report uil Coffee Company roasts and packs coffee beans. The process begins by placing coffee
please help me with this thank you!
Cost of Production Report uil 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 March 31 : 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 the nearest cent. Cost of Production Report-Roasting Department For the Month Ended March 31 Units Equalent Units Equivalent Units Whole Units Conversion Units charged to production: Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Inventory in process, March 1 Started and completed in March Transferred to Packing Department in March Inventory in process, March 31 Total units to be assigned costs Costs Costs Cost per equivalent unit: Costs Direct Materials Conversion Cost per equivalent unit: Total costs for March in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, March. 1 balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total costs assigned by the Roasting Department 2. Assuming that the March 1 work in process inventory includes $12,040 of direct materiais, determine the increase or decrease Costs ivalent unit: s for March in Roasting Department valent units equivalent unit ed to production: in process, March 1 urred in March S accounted for by the Roasting Department to completed and partially completed units: in process, March 1 balance te inventory in process, March 1 mpleted March 1 work in process hd completed in March d to finished goods in March in process, March 31 5 assigned by the Roasting Department 2. Assuming that the March 1 work in process inventory includes $12,040 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to two decimal places Step by Step Solution
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