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 PackingDepartment. The following is a partial work in process account of the Roasting Department at March 31:ACCOUNT Work in Process-Roasting DepartmentACCOUNT NO.BalanceBalanceDateItemDebit Credit DebitCreditMarch 1 Bal., 25,000 units, 10% completed21,25031 Direct materials, 600,000 units31 Direct labor450,000471,25031 Factory overhead244,600415,820715,8501,131,67031 Goods transferred, 605,000 units31 Bal., ? units, 45% completed?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 thenearest cent.Lui Coffee CompanyCost of Production Report-Roasting DepartmentUnitsUnits charged to production:For the Month Ended March 31Inventory in process, March 1Received from materials storeroomTotal units accounted for by the Roasting DepartmentUnits to be assigned costs:Equivalent UnitsEquivalent UnitsWhole UnitsDirect MaterialsConversion

Name: Lui Coffee Company roasts and packs coffee beans. The process begins
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Description: 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 PackingDepartment. The following is a partial work in p

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Lul Coffee Company roasts and packs coffee beans. The process begins by placing coffee beabs 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 ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit March 1 Bal., 25,000 units, 10% completed 21,250 31 Direct materials, 600,000 units 31 Direct labor 450,000 471,250 31 Factory overhead 244,600 415,820 715,850 1,131,670 31 Goods transferred, 605,000 units 31 Bal., 2 units, 45% completed ? 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. Lui Coffee Company Cost of Production Report-Roasting Department Units Units charged to production: For the Month Ended March 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs:

Lul Coffee Company roasts and packs coffee beans. The process begins by placing coffee beabs 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 ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit March 1 Bal., 25,000 units, 10% completed 21,250 31 Direct materials, 600,000 units 31 Direct labor 450,000 471,250 31 Factory overhead 244,600 415,820 715,850 1,131,670 31 Goods transferred, 605,000 units 31 Bal., 2 units, 45% completed ? 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. Lui Coffee Company Cost of Production Report-Roasting Department Units Units charged to production: For the Month Ended March 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs:

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 2PA: Cost of production report Hana Coffee Company roasts and packs coffee beans. The process begins by...

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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 ACCOUNT NO. Date Item Debit Credit BalanceDebit BalanceCredit March 1 Bal., 6,000 units, 4/5 completed 13,080 31 Direct materials, 270,000 units 486,000 499,080 31 Direct labor 107,500 606,580 31 Factory overhead 26,900 633,480 31 Goods transferred, 270,000 units ? 31 Bal., ? units, 3/5 completed ? 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. Units Whole Units Equivalent UnitsDirect Materials Equivalent UnitsConversion Units charged to production:…
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 ACCOUNT NO. Date Item Debit Credit BalanceDebit BalanceCredit March 1 Bal., 7,500 units, 4/5 completed 23,550 31 Direct materials, 337,500 units 877,500 901,050 31 Direct labor 186,700 1,087,750 31 Factory overhead 46,680 1,134,430 31 Goods transferred, 338,000 units ? 31 Bal., ? units, 1/5 completed ? 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. Units Whole Units Equivalent UnitsDirect Materials Equivalent UnitsConversion Units charged…
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Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roast- ing Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31, 2014: ACCOUNT Work in Process–Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1 Bal., 10,500 units, 75% completed 31 Dec. 21,000 267,800 Direct materials, 210,400 units 31 31 Factory overhead 31 246,800 135,700 Direct labor 403,500 168,630 572,130 Goods transferred, 208,900 units ? ? 31 Bal., ? units, 25% completed ? Instructions Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process-Roasting Department.
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Arabica Highland 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 July 31: ACCOUNT Work in Process-Roasting ACCOUNT No. Department Balance Date Item Debit Credit Debit Credit July 1 Bal., 7,800 units, 1/5 completed 11,700 31 Direct materials, 312,000 units 468,000 479,700 31 Direct labor 101,000 580,700 31 Factory overhead 25,208 605,908 31 Goods transferred, 313,000 units 31 Bal., ? units, 3/5 completed 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 two decimal places. Arabica Highland Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information…
Arabica Highland 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 July 31: ACCOUNT Work in Process—Roasting Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit July 1 Bal., 7,700 units, 3/5 completed 18,172 31 Direct materials, 308,000 units 646,800 664,972 31 Direct labor 122,300 787,272 31 Factory overhead 30,560 817,832 31 Goods transferred, 309,000 units ? 31 Bal., ? units, 1/5 completed ? Required: Question Content Area 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.
Arabica Highland 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 July 31: ACCOUNT Work in Process—Roasting Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit July 1 Bal., 5,700 units, 3/5 completed 12,882 31 Direct materials, 228,000 units 456,000 468,882 31 Direct labor 91,700 560,582 31 Factory overhead 22,970 583,552 31 Goods transferred, 229,000 units ? 31 Bal., ? units, 4/5 completed ? 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. 2. Assuming that the July 1 work in…
Cost of Production Report Mochaccino Express 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 July 31: ACCOUNT Work in Process—Roasting Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit July. 1 Bal., 63,000 units, 90% completed 344,295 31 Direct materials, 324,000 units 1,328,400 1,672,695 31 Direct labor 325,200 1,997,895 31 Factory overhead 120,300 2,118,195 31 Goods transferred, 313,000 units ? 31 Bal., ? units, 55% completed ? Required: 1. Prepare a cost of production report and identify the missing amounts for Work in Process—Roasting Department. If an amount box does not require an entry, leave it blank. When computing cost per equivalent…
Cost of Production Report: Average Cost Method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31: ACCOUNT Work in Process—Roasting Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 10,500 units, 75% completed 21,000 31 Direct materials, 210,400 units 246,800 267,800 31 Direct labor 135,700 403,500 31 Factory overhead 168,630 572,130 31 Goods transferred, 208,900 units ? ? 31 Bal., ? units, 25% completed ? Required: Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process—Roasting Department. If required, round your cost per equivalent unit answer to the nearest cent. Sunrise…