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 and 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 Date July Item 1 Bal., 5,400 units, 2/5 completed 31 Direct materials, 243,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 243,000 units 31 Bal., 2 units, 3/5 completed Required: Debit 388,800 78,100 19,532 Credit ? ACCOUNT NO. Debit Balance 9,180 397,980 476,080 495,612 ? Credit 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.

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 and 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 Date July Item 1 Bal., 5,400 units, 2/5 completed 31 Direct materials, 243,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 243,000 units 31 Bal., 2 units, 3/5 completed Required: Debit 388,800 78,100 19,532 Credit ? ACCOUNT NO. Debit Balance 9,180 397,980 476,080 495,612 ? Credit 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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Description: Cost of Production ReportHana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans arethen transferred to the Packing Department. The follow

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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