Cost of Production ReportLui Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffeebeans 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 DepartmentDate ItemMarch 1 Bal., 6,600 units, 1/5 completed31 Direct materials, 297,000 units31 Direct labor31 Factory overhead31 Goods transferred, 298,000 units31 Bal., 2 units, 2/5 completedUnitsDebit Credit831,600167,40041,844Units charged to production:Inventory in process, March 1Received from materials storeroom?ACCOUNT NO.Balance BalanceDebitCredit18,876850,4761,017,8761,059,720Required: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 computingcost per equivalent units, round to the nearest cent.Lui Coffee CompanyCost of Production Report-Roasting DepartmentFor the Month Ended March 31Whole Units?6,600 ✓297,000 ✓Equivalent UnitsDirect MaterialsEquivalent UnitsConversion

Name: Cost of Production ReportLui Coffee Company roasts and packs coffee b
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Cost of Production ReportLui Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffeebeans are then transferred to the Packing Department. The followi