Cost of Production Report Hana 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., 4,100 units, 3/5 completed     6,314       31 Direct materials, 184,500 units 258,300     264,614       31 Direct labor 44,200     308,814       31 Factory overhead 10,994     319,808       31 Goods transferred, 185,000 units   ?         31 Bal., ? units, 2/5 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.

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…

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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  Work in Process—Roasting Department                          ACCOUNT NO. Date Item Debit Credit BalanceDebit BalanceCredit March 1 Bal., 25,000 units, 10% completed     21,250   31 Direct materials, 600,000 units 450,000   471,250   31 Direct labor 244,600   715,850   31 Factory overhead 415,820   1,131,670   31 Goods transferred, 605,000 units   ?     31 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 the nearest cent. Units Whole Units Equivalent UnitsDirect…

Unit Information with BWIP, FIFO Method Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling. In the Cooking Department, all materials are added at the beginning of the process. Output is measured in ounces. The production data for July are as follows: Production: Units in process, July 1, 70% complete* 10,100 Units completed and transferred out 90,000 Units in process, July 31, 80% complete* 15,000     * With respect to conversion costs. Required: Question Content Area 1. Prepare a physical flow schedule for July. Jackson ProductsPhysical Flow ScheduleFor the Month of July Units to account for:         Units, beginning work is process (70% complete)     Units started during July Total units to account for   fill in the blank 2bb1ebfa004eff9_5 Units accounted for:     Units completed and transferred out:       Started and completed     From beginning work in process From beginning work in…

Print Item Question Content Area 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., 6,300 units, 60% completed     21,672       31 Direct materials, 252,000 units 756,000     777,672       31 Direct labor 161,500     939,172       31 Factory overhead 40,420     979,592       31 Goods transferred, 253,000 units   ?         31 Bal., ? units, 60% 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 box does not require an entry,…

Cost of Production Report Hana 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., 30,000 units, 10% completed     121,800       31 Direct materials, 155,000 units 620,000     741,800       31 Direct labor 90,000     831,800       31 Factory overhead 33,272     865,072       31 Goods transferred, 149,000 units   ?         31 Bal., ? units, 45% completed     ?         2.  Assuming that the July 1 work in process inventory includes $119,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between June and July. If required, round your…

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 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., ? 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…

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Arabica Highland Coffee Company roasts and packs coffee beans. The process by placing coffee beands 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 Dpeartment at July 31.   Date Item Debit Credit Account No. Balance Debit Account No. Balance Credit July 1 Bal., 30,000 units, 10% completed     121,800   July 31 Direct materials, 155,000 units 620,000   741,800   July 31 Direct Labor 90,000   831,800   July 31 Factory overhead 33,272   865,072   July 31 Goods transferred, 149,000 units           ?     July 31 Bal., (?) units, 45% completed             ?