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., 5,100 units, 1/5 completed 7,650 31 Direct materials, 229,500 units 344,250 351,900 31 Direct labor 74,500 426,400 31 Factory overhead 18,564 444,964 31 Goods transferred, 230,000 units ? 31 Bal., ? units, 4/5 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. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Units charged to production: Inventory in process, July 1 fill in the blank e72a46027079012_1 Received from materials storeroom fill in the blank e72a46027079012_2 Total units accounted for by the Roasting Department fill in the blank e72a46027079012_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank e72a46027079012_4 fill in the blank e72a46027079012_5 fill in the blank e72a46027079012_6 Started and completed in July fill in the blank e72a46027079012_7 fill in the blank e72a46027079012_8 fill in the blank e72a46027079012_9 Transferred to Packing Department in July fill in the blank e72a46027079012_10 fill in the blank e72a46027079012_11 fill in the blank e72a46027079012_12 Inventory in process, July 31 fill in the blank e72a46027079012_13 fill in the blank e72a46027079012_14 fill in the blank e72a46027079012_15 Total units to be assigned costs fill in the blank e72a46027079012_16 fill in the blank e72a46027079012_17 fill in the blank e72a46027079012_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank e72a46027079012_19 $fill in the blank e72a46027079012_20 Total equivalent units fill in the blank e72a46027079012_21 fill in the blank e72a46027079012_22 Cost per equivalent unit $fill in the blank e72a46027079012_23 $fill in the blank e72a46027079012_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank e72a46027079012_25 Costs incurred in July fill in the blank e72a46027079012_26 Total costs accounted for by the Roasting Department $fill in the blank e72a46027079012_27 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank e72a46027079012_28 To complete inventory in process, July 1 $fill in the blank e72a46027079012_29 $fill in the blank e72a46027079012_30 fill in the blank e72a46027079012_31 Cost of completed July 1 work in process $fill in the blank e72a46027079012_32 Started and completed in July fill in the blank e72a46027079012_33 fill in the blank e72a46027079012_34 fill in the blank e72a46027079012_35 Transferred to Molding Department in July $fill in the blank e72a46027079012_36 Inventory in process, July 31 fill in the blank e72a46027079012_37 fill in the blank e72a46027079012_38 fill in the blank e72a46027079012_39 Total costs assigned by the Roasting Department $fill in the blank e72a46027079012_40 2. Assuming that the July 1 work in process inventory includes $7,140 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank c18d28ff3fcafb6_2 Change in conversion cost per equivalent unit $fill in the blank c18d28ff3fcafb6_4

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., 5,100 units, 1/5 completed 7,650 31 Direct materials, 229,500 units 344,250 351,900 31 Direct labor 74,500 426,400 31 Factory overhead 18,564 444,964 31 Goods transferred, 230,000 units ? 31 Bal., ? units, 4/5 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. Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information Units charged to production: Inventory in process, July 1 fill in the blank e72a46027079012_1 Received from materials storeroom fill in the blank e72a46027079012_2 Total units accounted for by the Roasting Department fill in the blank e72a46027079012_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank e72a46027079012_4 fill in the blank e72a46027079012_5 fill in the blank e72a46027079012_6 Started and completed in July fill in the blank e72a46027079012_7 fill in the blank e72a46027079012_8 fill in the blank e72a46027079012_9 Transferred to Packing Department in July fill in the blank e72a46027079012_10 fill in the blank e72a46027079012_11 fill in the blank e72a46027079012_12 Inventory in process, July 31 fill in the blank e72a46027079012_13 fill in the blank e72a46027079012_14 fill in the blank e72a46027079012_15 Total units to be assigned costs fill in the blank e72a46027079012_16 fill in the blank e72a46027079012_17 fill in the blank e72a46027079012_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank e72a46027079012_19 $fill in the blank e72a46027079012_20 Total equivalent units fill in the blank e72a46027079012_21 fill in the blank e72a46027079012_22 Cost per equivalent unit $fill in the blank e72a46027079012_23 $fill in the blank e72a46027079012_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank e72a46027079012_25 Costs incurred in July fill in the blank e72a46027079012_26 Total costs accounted for by the Roasting Department $fill in the blank e72a46027079012_27 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank e72a46027079012_28 To complete inventory in process, July 1 $fill in the blank e72a46027079012_29 $fill in the blank e72a46027079012_30 fill in the blank e72a46027079012_31 Cost of completed July 1 work in process $fill in the blank e72a46027079012_32 Started and completed in July fill in the blank e72a46027079012_33 fill in the blank e72a46027079012_34 fill in the blank e72a46027079012_35 Transferred to Molding Department in July $fill in the blank e72a46027079012_36 Inventory in process, July 31 fill in the blank e72a46027079012_37 fill in the blank e72a46027079012_38 fill in the blank e72a46027079012_39 Total costs assigned by the Roasting Department $fill in the blank e72a46027079012_40 2. Assuming that the July 1 work in process inventory includes $7,140 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank c18d28ff3fcafb6_2 Change in conversion cost per equivalent unit $fill in the blank c18d28ff3fcafb6_4

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 5PB: Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the...

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Question

ACCOUNT Work in Process—Roasting Department	ACCOUNT NO.
Date	Item	Debit	Credit	Balance
Debit	Credit
July	1	Bal., 5,100 units, 1/5 completed			7,650
	31	Direct materials, 229,500 units	344,250			351,900
	31	Direct labor	74,500			426,400
	31	Factory overhead	18,564			444,964
	31	Goods transferred, 230,000 units		?
	31	Bal., ? units, 4/5 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.

Hana Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended July 31
Unit Information
Units charged to production:
Inventory in process, July 1	fill in the blank e72a46027079012_1
Received from materials storeroom	fill in the blank e72a46027079012_2
Total units accounted for by the Roasting Department	fill in the blank e72a46027079012_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank e72a46027079012_4	fill in the blank e72a46027079012_5	fill in the blank e72a46027079012_6
Started and completed in July	fill in the blank e72a46027079012_7	fill in the blank e72a46027079012_8	fill in the blank e72a46027079012_9
Transferred to Packing Department in July	fill in the blank e72a46027079012_10	fill in the blank e72a46027079012_11	fill in the blank e72a46027079012_12
Inventory in process, July 31	fill in the blank e72a46027079012_13	fill in the blank e72a46027079012_14	fill in the blank e72a46027079012_15
Total units to be assigned costs	fill in the blank e72a46027079012_16	fill in the blank e72a46027079012_17	fill in the blank e72a46027079012_18
Cost Information
Cost per equivalent unit:
	Direct Materials	Conversion
Total costs for July in Roasting Department	$fill in the blank e72a46027079012_19	$fill in the blank e72a46027079012_20
Total equivalent units	fill in the blank e72a46027079012_21	fill in the blank e72a46027079012_22
Cost per equivalent unit	$fill in the blank e72a46027079012_23	$fill in the blank e72a46027079012_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank e72a46027079012_25
Costs incurred in July			fill in the blank e72a46027079012_26
Total costs accounted for by the Roasting Department			$fill in the blank e72a46027079012_27
Costs allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank e72a46027079012_28
To complete inventory in process, July 1	$fill in the blank e72a46027079012_29	$fill in the blank e72a46027079012_30	fill in the blank e72a46027079012_31
Cost of completed July 1 work in process			$fill in the blank e72a46027079012_32
Started and completed in July	fill in the blank e72a46027079012_33	fill in the blank e72a46027079012_34	fill in the blank e72a46027079012_35
Transferred to Molding Department in July			$fill in the blank e72a46027079012_36
Inventory in process, July 31	fill in the blank e72a46027079012_37	fill in the blank e72a46027079012_38	fill in the blank e72a46027079012_39
Total costs assigned by the Roasting Department			$fill in the blank e72a46027079012_40

2. Assuming that the July 1 work in process inventory includes $7,140 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers to the nearest cent.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit		$fill in the blank c18d28ff3fcafb6_2
Change in conversion cost per equivalent unit		$fill in the blank c18d28ff3fcafb6_4

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