Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

INDTAP s Cost Systems G Google Password Enter your passwor helen.nguyen0112 Arabica Highland Coffee Company roasts and packs coffee beans. The process begins by placing

image text in transcribed
INDTAP s Cost Systems G Google Password Enter your passwor "helen.nguyen0112 Arabica Highland 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., 2 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 + 2. Assuming that the July I 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory And Applications

Authors: Edgar K. Browning, Mark A. Zupan

13th Edition

1119368928, 9781119368922

More Books

Students also viewed these Accounting questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago