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 ? 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. 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 517385fa9ff1066_1 Received from materials storeroom fill in the blank 517385fa9ff1066_2 Total units accounted for by the Roasting Department fill in the blank 517385fa9ff1066_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank 517385fa9ff1066_4 fill in the blank 517385fa9ff1066_5 fill in the blank 517385fa9ff1066_6 Started and completed in July fill in the blank 517385fa9ff1066_7 fill in the blank 517385fa9ff1066_8 fill in the blank 517385fa9ff1066_9 Transferred to Packing Department in July fill in the blank 517385fa9ff1066_10 fill in the blank 517385fa9ff1066_11 fill in the blank 517385fa9ff1066_12 Inventory in process, July 31 fill in the blank 517385fa9ff1066_13 fill in the blank 517385fa9ff1066_14 fill in the blank 517385fa9ff1066_15 Total units to be assigned costs fill in the blank 517385fa9ff1066_16 fill in the blank 517385fa9ff1066_17 fill in the blank 517385fa9ff1066_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank 517385fa9ff1066_19 $fill in the blank 517385fa9ff1066_20 Total equivalent units fill in the blank 517385fa9ff1066_21 fill in the blank 517385fa9ff1066_22 Cost per equivalent unit $fill in the blank 517385fa9ff1066_23 $fill in the blank 517385fa9ff1066_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank 517385fa9ff1066_25 Costs incurred in July fill in the blank 517385fa9ff1066_26 Total costs accounted for by the Roasting Department $fill in the blank 517385fa9ff1066_27 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank 517385fa9ff1066_28 To complete inventory in process, July 1 $fill in the blank 517385fa9ff1066_29 $fill in the blank 517385fa9ff1066_30 fill in the blank 517385fa9ff1066_31 Cost of completed July 1 work in process $fill in the blank 517385fa9ff1066_32 Started and completed in July fill in the blank 517385fa9ff1066_33 fill in the blank 517385fa9ff1066_34 fill in the blank 517385fa9ff1066_35 Transferred to Packing Department in July $fill in the blank 517385fa9ff1066_36 Inventory in process, July 31 fill in the blank 517385fa9ff1066_37 fill in the blank 517385fa9ff1066_38 fill in the blank 517385fa9ff1066_39 Total costs assigned by the Roasting Department $fill in the blank 517385fa9ff1066_40 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 answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank f8be0402e01efe3_2 Change in conversion cost per equivalent unit $fill in the blank f8be0402e01efe3_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., 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 ? 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. 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 517385fa9ff1066_1 Received from materials storeroom fill in the blank 517385fa9ff1066_2 Total units accounted for by the Roasting Department fill in the blank 517385fa9ff1066_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank 517385fa9ff1066_4 fill in the blank 517385fa9ff1066_5 fill in the blank 517385fa9ff1066_6 Started and completed in July fill in the blank 517385fa9ff1066_7 fill in the blank 517385fa9ff1066_8 fill in the blank 517385fa9ff1066_9 Transferred to Packing Department in July fill in the blank 517385fa9ff1066_10 fill in the blank 517385fa9ff1066_11 fill in the blank 517385fa9ff1066_12 Inventory in process, July 31 fill in the blank 517385fa9ff1066_13 fill in the blank 517385fa9ff1066_14 fill in the blank 517385fa9ff1066_15 Total units to be assigned costs fill in the blank 517385fa9ff1066_16 fill in the blank 517385fa9ff1066_17 fill in the blank 517385fa9ff1066_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank 517385fa9ff1066_19 $fill in the blank 517385fa9ff1066_20 Total equivalent units fill in the blank 517385fa9ff1066_21 fill in the blank 517385fa9ff1066_22 Cost per equivalent unit $fill in the blank 517385fa9ff1066_23 $fill in the blank 517385fa9ff1066_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank 517385fa9ff1066_25 Costs incurred in July fill in the blank 517385fa9ff1066_26 Total costs accounted for by the Roasting Department $fill in the blank 517385fa9ff1066_27 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank 517385fa9ff1066_28 To complete inventory in process, July 1 $fill in the blank 517385fa9ff1066_29 $fill in the blank 517385fa9ff1066_30 fill in the blank 517385fa9ff1066_31 Cost of completed July 1 work in process $fill in the blank 517385fa9ff1066_32 Started and completed in July fill in the blank 517385fa9ff1066_33 fill in the blank 517385fa9ff1066_34 fill in the blank 517385fa9ff1066_35 Transferred to Packing Department in July $fill in the blank 517385fa9ff1066_36 Inventory in process, July 31 fill in the blank 517385fa9ff1066_37 fill in the blank 517385fa9ff1066_38 fill in the blank 517385fa9ff1066_39 Total costs assigned by the Roasting Department $fill in the blank 517385fa9ff1066_40 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 answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank f8be0402e01efe3_2 Change in conversion cost per equivalent unit $fill in the blank f8be0402e01efe3_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., 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			?

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.

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 517385fa9ff1066_1
Received from materials storeroom	fill in the blank 517385fa9ff1066_2
Total units accounted for by the Roasting Department	fill in the blank 517385fa9ff1066_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank 517385fa9ff1066_4	fill in the blank 517385fa9ff1066_5	fill in the blank 517385fa9ff1066_6
Started and completed in July	fill in the blank 517385fa9ff1066_7	fill in the blank 517385fa9ff1066_8	fill in the blank 517385fa9ff1066_9
Transferred to Packing Department in July	fill in the blank 517385fa9ff1066_10	fill in the blank 517385fa9ff1066_11	fill in the blank 517385fa9ff1066_12
Inventory in process, July 31	fill in the blank 517385fa9ff1066_13	fill in the blank 517385fa9ff1066_14	fill in the blank 517385fa9ff1066_15
Total units to be assigned costs	fill in the blank 517385fa9ff1066_16	fill in the blank 517385fa9ff1066_17	fill in the blank 517385fa9ff1066_18
Cost Information
Cost per equivalent unit:
	Direct Materials	Conversion
Total costs for July in Roasting Department	$fill in the blank 517385fa9ff1066_19	$fill in the blank 517385fa9ff1066_20
Total equivalent units	fill in the blank 517385fa9ff1066_21	fill in the blank 517385fa9ff1066_22
Cost per equivalent unit	$fill in the blank 517385fa9ff1066_23	$fill in the blank 517385fa9ff1066_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank 517385fa9ff1066_25
Costs incurred in July			fill in the blank 517385fa9ff1066_26
Total costs accounted for by the Roasting Department			$fill in the blank 517385fa9ff1066_27
Costs allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank 517385fa9ff1066_28
To complete inventory in process, July 1	$fill in the blank 517385fa9ff1066_29	$fill in the blank 517385fa9ff1066_30	fill in the blank 517385fa9ff1066_31
Cost of completed July 1 work in process			$fill in the blank 517385fa9ff1066_32
Started and completed in July	fill in the blank 517385fa9ff1066_33	fill in the blank 517385fa9ff1066_34	fill in the blank 517385fa9ff1066_35
Transferred to Packing Department in July			$fill in the blank 517385fa9ff1066_36
Inventory in process, July 31	fill in the blank 517385fa9ff1066_37	fill in the blank 517385fa9ff1066_38	fill in the blank 517385fa9ff1066_39
Total costs assigned by the Roasting Department			$fill in the blank 517385fa9ff1066_40

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 answers to two decimal places.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit		$fill in the blank f8be0402e01efe3_2
Change in conversion cost per equivalent unit		$fill in the blank f8be0402e01efe3_4

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