PR 202A Cost of production report Robusta 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, 2012: Instructions 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. 2. Assuming that the March 1 work in process inventory includes $4,578 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. PR 20-3A Equivalent units and related costs; cost of production report; entries White Star Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on May 1, 2012: n ompleted): The following costs were charged to Work in Process-Sifting Department during May: Instructions 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. 2. Assuming that the March 1 work in process inventory includes $4,578 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. PR 20-3A Equivalent units and related costs; cost of production report; entries White Star Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on May 1, 2012: The following costs were charged to Work in Process-Sifting Department during May: Direct materials transferred from Milling Department: During May, 14,000 units of flour were completed. Work in Process-Sifting Department on May 31 was 1,000 units, 1/3 completed. Instructions 1. Prepare a cost of production report for the Sifting Department for May. 2. Journalize the entries for costs transferred from Milling to Sifting and the costs transferred from Sifting to Packaging. 3. Determine the increase or decrease in the cost per equivalent unit from April to May for direct materials and conversion costs. 4. Discuss the uses of the cost of production report and the results of part (3). ROBUSTA COFFEE COMPANY Cost of Production Report - Roasting Department For the Month Ended March 31, 2012 COSTS Costs 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 To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to Packing Department in March Inventory in process, March 31 Total costs assigned by the Roasting Department 5556572.March1,workinprocess Less direct materials Conversion costs Conversion cost equivalent units: Units in process Percent complete Equivalent units February costs per equivalent unit: Total costs for March in Roasting Department Total equivalent units Cost per equivalent unit. Increase (decrease)
