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 Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process the Roasting Department at December 31: ACCOUNT Work in Process-Roasting Department Date Item Dec. 1 Bal., 18,800 units, 30% completed 31 Direct materials, 325,200 units 31 Direct labor 31 Factory overhead 31 Goods transferred 328 100 units ACCOUNT NO. Debit Credit 299,184 172,190 247,786 Balance Debit Credit 30,644 329,828 502,018 749,804

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 Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process the Roasting Department at December 31: ACCOUNT Work in Process-Roasting Department Date Item Dec. 1 Bal., 18,800 units, 30% completed 31 Direct materials, 325,200 units 31 Direct labor 31 Factory overhead 31 Goods transferred 328 100 units ACCOUNT NO. Debit Credit 299,184 172,190 247,786 Balance Debit Credit 30,644 329,828 502,018 749,804

Name: Cost of Production Report: Weighted Average Cost MethodSunrise Coffee
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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 RoastingDepartment, the coffee beans are transferred to the Packing Department. The

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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