Cost of Production Report Lui Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roastin Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial w Roasting Department at March 31: ACCOUNT Work in Process-Roasting Department Date Item March 1 Bal., 4,600 units, 1/5 completed 31 Direct materials, 207,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 207,000 units 31 Bal., ? units, 4/5 completed Units Debit Credit 517,500 100,700 25,156 Units charged to production: Inventory in process, March 1 Received from materials storeroom ACCOUNT NO. Balance Balance Debit Credit Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Departme enter "0". When computing cost per equivalent units, round to the nearest cent. 11,684 529,184 629,884 655,040 Total units accounted for by the Roasting Department Lui Coffee Company Cost of Production Report-Roasting Department For the Month Ended March 31 ? Whole Units Equivalent Units Direct Materials Equivale Conve

White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process—Sifting Department was as follows on July 1:Work in Process—Sifting Department (900 units, 3/5 completed) on July 1Cost Source Dollar AmountDirect Materials (900 x $3.15) $2,835Conversion (900 x 3/5 x $0.30) 162Total Materials and Conversion 2,997The following costs were charged to Work in Process—Sifting Department during July:Work in Process—Sifting DepartmentCost Source Dollar AmountDirect materials transferred from Milling Department: 15,700 units at $2.30 a unit $36,110Direct Labor 5,420Factory Overhead 2,384During July, 15,500 units of flour were completed. Work in Process—Sifting Department on July 31 was 1,100 units, 4/5 completed.Instructionsa. Prepare a cost…

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…

FIFO Method, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department:     Direct Materials   Conversion Costs Units started and completed     40,000       40,000   Units, beginning work in process:                 10,000 × 0%     —       —   10,000 × 50%     —       5,000   Units, ending work in process:                 20,000 × 100%     20,000       —   20,000 × 25%     —       5,000   Equivalent units of output     60,000       50,000   Costs in beginning work in process were direct materials, $20,000; conversion costs, $80,000. Manufacturing costs incurred during April were direct materials, $240,000; conversion costs, $320,000. Required: 1. Prepare a…