Cost of Production Report: Weighted Average Cost Method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting De account of the Roasting Department at December 31: ACCOUNT Work in Process-Roasting Department Date Dec. Item 1 Bal, 17,000 units, 60% completed 31 Direct materials, 294, 100 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 296,700 units 31 Bal., 2 units, 20% completed Units to account for during production: Inventory in process, December 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Debit Transferred to Packing Department in December Inventory in process, December 31 Total units to be assigned costs 408,799 220,717 317,618 ACCOUNT NO. Whole Units Credit Debit 41,480 450,279 670,996 988,614 ? Required: Prepare a cost of production report, using the weighted average cost method, and identify the missing amounts for Work in Proce Sunrise Coffee Company Cost of Production Report-Roasting Department For the Month Ended December 31 Unit Information Balance ? Equivalent Units of Production Credit

Cost of Production Report: Weighted Average Cost Method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting De account of the Roasting Department at December 31: ACCOUNT Work in Process-Roasting Department Date Dec. Item 1 Bal, 17,000 units, 60% completed 31 Direct materials, 294, 100 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 296,700 units 31 Bal., 2 units, 20% completed Units to account for during production: Inventory in process, December 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Debit Transferred to Packing Department in December Inventory in process, December 31 Total units to be assigned costs 408,799 220,717 317,618 ACCOUNT NO. Whole Units Credit Debit 41,480 450,279 670,996 988,614 ? Required: Prepare a cost of production report, using the weighted average cost method, and identify the missing amounts for Work in Proce Sunrise Coffee Company Cost of Production Report-Roasting Department For the Month Ended December 31 Unit Information Balance ? Equivalent Units of Production Credit

Name: Cost of Production Report: Weighted Average Cost MethodSunrise Coffee
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Cost of Production Report: Weighted Average Cost MethodSunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Deaccount of the Roasting Department at December 31:ACCOUNT Work in Process

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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