Question

Calculator Print item Cost of Production Report 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 Departme July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Credit July Debit 16,380 659,880 799,780 1 Bal., 6,500 units, 3/5 completed 31 Direct materials, 292,500 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 293,000 units 31 Bal., 2 units, 2/5 completed 643,500 139,900 35,000 834,780 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 two decimal places. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information

Answer 1

Answer! Hana coffee company Cost of production Repoat-Roasting Department for the month ended July 31. Unit Information. . units charged to production Inventory in process , July ! 6,500 Received from materials storeroom 298,500 Total units accounted for by the 299,000 Roasting Department Units to be aligned Costsin Equivalent units. Whole units Direct materials Conversion Inventory in process July! | 6,500 2,600 Started completed in July 286,500 286,500 286,500 Transferred to packing Department 293,000 286,500 289,100 in July : Inventory in process, July 31 1.6000 Gooo 2700 Total onits to be asigned 299,000 292,000 291,800 Cost information Cest per equivalent unit Direct materials Conversion Total costs for July in Roasting 643,500 174,900 (139900+35009 Total equivalent units 292,500 291,800 cest per equivalent unit 0.60 Department 2.2

Last charge to production irect materials conversion Total Inventory in process July 16,380 Cest in occured in July 818,400 Total cost accounted-for by the Roastingpop 834,780 cst allocated to completed and pastially completed onits! Inventory in process Juls bal 16,380 To completo inventory in 1,560 1,560 - Process July ( 2600X0.60 estof completed July! - work in process 17,940 started and completed in July 630,300 (286500X2.2) 171,900 (286500X0:6) 802,200 Tountered poosing Dep in Tuy 820,140 Inventory in process July31 13,200 (G000X2-2) 1620 Q700X0.60) 14,820 Total costs assigned by 834,960 the Realting des