Question
The increases to Work in ProcessRoasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in
The increases to Work in ProcessRoasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in process, March 1, 1,700 pounds, 20% completed $17,000 Coffee beans added during March, 104,900 pounds 586,780 Conversion costs during March 246,620 Work in process, March 31, 1,000 pounds, 70% completed _ Goods finished during March, 105,600 pounds _ Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit answers to the nearest cent.
Unit Information | ||
Units to account for during production: | ||
Inventory in process, March 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 finished goods in March | ||
Inventory in process, March 31 | ||
Total units to be assigned costs | ||
Cost Information | ||
Costs per equivalent unit: | ||
Costs | ||
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: | ||
Transferred to finished goods in March | $ | |
Inventory in process, March 31 | ||
Total costs assigned by the Roasting Department | $ |
I have figured most of it out i just can't get the bottom half! It's become frustrating! HELP!
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