Cost of Production Report Lui 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 March 31: ACCOUNT Work in Process-Roasting Department Date Item March 1 Bal 4,800 units, 4/5 completed 31 Direct materials, 216,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 216,000 units 31 Bal 2 units, 3/5 completed Units Units charged to production Inventory in process, March 1 ACCOUNT NO. Balance Balance Debit Credit Debit Credit 11,424 443,424 529,424 550.944 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 the nearest cent. Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs Inventory in process, March 1 Started and completed in March Transferred to Packing Department in March Inventory in process, March 31 Total units to be assigned costs Costs Cost per equivalent unt 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 432,000 86,000 21.520 Foodback Lui Coffee Company Cost of Production Report-Roasting Department For the Month Ended March 31 Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, March 1 balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to finished goods in March Inventory in process, March 31 > Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit 7 Equivalent Units Whole Units Direct Materials 216,000 4.800 ✓ 220,800 ✔ Costs Direct Materials Increase Recrease 000 Total costs assigned by the Roasting Department 2. Assuming that the March 1 work in process inventory includes $9.120 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to two decimal places. Increase or Decrease Conversion 000 Amount Equivalent Units Conversion 0.1 ✓ 0.1 Total Ches My 1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversione costs. Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory. 2. Compare the costs per equivalent unit for February and March. The costs per equivalent unit for materials and conversion for February are in the March 1 work in process inventory. The materials amount is given