PR 17-2A Cost of Production Report Obj. 2, 4 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., 30,000 units, 10% completed 31 Direct materials, 155,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 149,000 units 31 Bal., ? units, 45% completed 620,000 90,000 33,272 121,800 741,800 831,800 865,072 ? ? Instructions 1. Prepare a cost of production report, and identify the missing amounts for Work in Process -Roasting Department. Answer Check Figure: Conversion cost per equivalent unit, $0.76 2. Assuming that the July 1 work in process inventory includes $119,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between June and July. PR 17-2A copy 171% Zoom F Media Comment Lo Collaborate View Add Category Insert Table Chart Text Shape Format Organize + PR 17-2A PR 17-2A PR 17-2A copy + Pr. 17(3)-2 Sol Table Cell Text Arrange D F H 14 15 Hana Coffee Company Cost of Production Report - Roasting Department For the Month Ended July 31 = D 16 17 H 16 UNIT Table Styles 19 20 Equivalent Units Direct Materials Conversion Whole Units 21 Headers & Footer 00 O TO O 22 Units charged to production: Inventory in process, July 1 Received from materials storeroom Total units accounted for by the Roasting Department 23 Table Name 24 Rows 73 25 Columns 33 26 27 complete) Table Font Size 28 A A Units to be assigned cost: 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 29 Table Outline 20 31 complete) 1 pt Outline table name 33 COS Gridlines Costs Conversion Direct Materials Total 25 36 11 37 Cost per equivalent unit: Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Alternating Row Color 38 * 39 Row & Column Size Helght 40 41 13 pt Fit Width 34 pt Fit 42 Costs assigned to production Inventory in process, July 1 Costs incurred in July 43 AY 171% T I Shape View Zoom Add Category Insert Table Chart Text Media Comment co Collaborate Untitled (PR 17-2A copyl Table e Format Organize + PR 17-2A PR 17-2A + Pr. 17(3)-2 Sol Cell Text Arrange A H H K M N 0 42 43 Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department 44 = D 45 P 48 Table Styles 49 Costs allocated to completed and partially completed units: Inventory in process, July 1 To complete inventory in process, July 1 Cost of completed July 1 work in process Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department Headers & Footer O TO O 50 Table Name 51 52 Rows 73 53 Columns 33 54 55 56 2. 57 . Table Font Size A A July 1, work in proce Less direct materials Conversion costs Table Outline 59 1 pt 60 Outline table name 61 62 Gridlines Conversion cost equivalent units: Units in process Percent complete Equivalent units 11 64 65 Alternating Row Color 66 Direct Materials Conversion 67 ba Row & Column Size Helght 13 pt Fit 69 July costs per equivalent unit (from part 1) June costs per equivalent ur Total costs in Work in Process, July 1 Total equivalent units Cost per equivalent unit Width 34 pt Fit 70 71 AY T 171% Zoom View Add Category Insert Table Chart Text Shape Media Comment co Collaborato Untitled (PR 17-2A Copy Table e Format Organize + PR 17-2A PR 17-2A + Pr. 17(3)-2 Sol Cell Text Arrange F H A 2. 101 57 52 July 1, work in proce Less direct materials Conversion costs = D 59 P 60 61 Table Styles 62 Conversion cost equivalent units: Units in process Percent complete Equivalent units Headers & Footer HO TO 64 O 65 Table Name 66 Direct Materials Conversion 67 Rows 73 Ba Columns 33 69 July costs per equivalent unit (from part 1) June costs per equivalent ur Total costs in Work in Process, July 1 Total equivalent units Cost per equivalent unit Increase (decrease) 70 + Table Font Size A A 71 72 Table Outline 73 1 pt Outline table name Gridlines 11 Alternating Row Color Row & Column Size Helght 13 pt Fit Width 34 pt Fit
