Drive - Google DriveX 4 My Drive - Google DriveFront Desk Operations 2020 - Go XtakeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3falseflixo TVCC Email☆ TpAshP My Math Lab Log In to CanvasMathway | Calculus...N Netflix Cengage Login* LoginReading listCost of Production ReportArabica Highland Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beansare 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 DepartmentACCOUNT NO.BalanceDateItemDebitCreditDebitCreditJuly1 Bal., 4,900 units, 2/5 completed16,46431 Direct materials, 196,000 units607,600624,06431 Direct labor126,800750,86431 Factory overhead31,728782,59231 Goods transferred, 197,000 units31 Bal., ? units, 4/5 completedRequired: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 equivalentunits, round to two decimal places.Arabica Highland Coffee CompanyCost of Production Report-Roasting DepartmentFor the Month Ended July 31Unit Information - My Drive - Google Drive4 My Drive - Google DriveFront Desk Operations 2020 - Go X +ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3Dfalse* TpNetflix0z TVCC EmailP My Math LabLog In to CanvasX Mathway |Calculus...N Netflix . Cengage Login* Login国ReadingDirectTotalMaterials ConversionInventory in process, July 1Costs incurred in JulyTotal costs accounted for by the Roasting DepartmentCost allocated to completed and partially completed units:Inventory in process, July 1 balanceTo complete inventory in process, July 1Cost of completed July 1 work in processStarted and completed in July$4Transferred to Packing Department in JulyInventory in process, July 31$4Total costs assigned by the Roasting Department2. Assuming that the July 1 work in process inventory includes $14,700 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials andconversion between June and July. If required, round your answers to the nearest cent.AmountIncrease or DecreaseChange in direct materials cost per equivalent unitChange in conversion cost per equivalent unitt分%24%24%24%24%24

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To prepare the production cost report, firstly, equivalent units are determined and then the total…

Business

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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., 4,900 units, 2/5 completed 16,464 31 Direct materials, 196,000 units 607,600 624,064 31 Direct labor 126,800 750,864 31 Factory overhead 31,728 782,592 31 Goods transferred, 197,000 units 31 Bal., ? units, 4/5 completed zequired: -. 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 nits, round to two decimal places.

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., 4,900 units, 2/5 completed 16,464 31 Direct materials, 196,000 units 607,600 624,064 31 Direct labor 126,800 750,864 31 Factory overhead 31,728 782,592 31 Goods transferred, 197,000 units 31 Bal., ? units, 4/5 completed zequired: -. 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 nits, round to two decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 Department at July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit July 1 Bal., 4,100 units, 3/5 completed 12,628 31 Direct materials, 184,500 units 498,150 510,778 31 Direct labor 103,800 614,578 31 Factory overhead 25,994 640,572 31 Goods transferred, 185,000 units ? 31 Bal., 2 units, 4/5 completed 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.
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