Could you please proof all my calculations. I think all my convesions are wrong. Thank you Cost of Production ReportMochaccino Express Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the RoastingDepartment, 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 DepartmentACCOUNT No.BalanceDateItemDebitCreditDebitCredit1 Bal., 7,00o units, 80% completed31 Direct materials, 280,000 unitsJuly15,960532,000547,96031 Direct labor112,100660,06031 Factory overhead28,000688,06031 Goods transferred, 281,000 units31 Bal., 2 units, 80% completedRequired: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, leaveit blank. when computing cost per equivalent units, round to two decimal places.Mochaccino Express Coffee CompanyCost of Production Report-Roasting DepartmentFor the Month Ended July 31Unit InformationUnits charged to production:Inventory in process, July 17.000Received from materials storeroom280.000Total units accounted for by the Roasting Department207.000Units to be assigned costs:Equivalent UnitsWholeDirectMaterialsUnitsConversionInventory in process, July 17.0001.400Started and completed in July274.000274,00o274.00oTransferred to Packing Department in July281,000274.000275,400Inventory in process, July 316.0006.0004.800Total units to be assigned costs207.000280.000280.200Cost InformationCosts per equivalent unit:DirectMaterialsConversionTotal costs for July in Roastina Department532,000140.100Total equivalent units280.00o280,200Cost per equivalent unit1.901.76Costs charged to production:DirectMaterialsConversionTotalInventory in process, July 115,960Costs incurred in Julv646.90o w . ..Inventory in process, July 115,960Costs incurred in July646,900Total costs accounted for by the Roasting Department662,860Cost allocated to completed and partially completed units:Inventory in process, July 1 balance15,960To complete inventory in process, July 12,4642,464Cost of completed July 1 work in process18,424Started and completed in July581,400538,5601,119,960Transferred to Packing Department in July1,138,384Inventory in process, July 3111,40010,56021,960Total costs assigned by the Roasting Department1,160,3442. Assuming that the July 1 work in process inventory includes $12,600 of direct materials, determine the increase or decreasematerials and conversion between June and July. If required, round your answers to the nearest cent.Increase or DecreaseAmountChange in direct materials cost per equivalent unitIncrease v0.05 xChange in conversion cost per equivalent unitDecrease

Beginning units=7,000×(100-80)%=7,000×20%=1,400

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. Balance Date Item Debit Credit Debit Credit 1 Bal., 7,00o units, 80% completed 31 Direct materials, 280,000 units July 15,960 532,000 547,960 31 Direct labor 112,100 660,060 31 Factory overhead 31 Goods transferred, 281,000 units 31 Bal., 2 units, s0% completed 28,000 688,060 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 units, round to two decimal places. Mochaccino Express ffee Company Cost of Production Report-Roasting Department For the Month Ended Julv 31

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. Balance Date Item Debit Credit Debit Credit 1 Bal., 7,00o units, 80% completed 31 Direct materials, 280,000 units July 15,960 532,000 547,960 31 Direct labor 112,100 660,060 31 Factory overhead 31 Goods transferred, 281,000 units 31 Bal., 2 units, s0% completed 28,000 688,060 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 units, round to two decimal places. Mochaccino Express ffee Company Cost of Production Report-Roasting Department For the Month Ended Julv 31

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...

See similar textbooks

Similar questions

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., 4,800 units, 1/5 completed 10752 31 Direct materials, 216000 units 475200 485952 31 Direct labor 104100 590052 31 Factory overhead 26076 616128 31 Goods transferred, 216000 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. Hana Coffee Company Cost of…
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., 5,300 units, 1/5 completed 6,254 31 Direct materials, 238,500 units 286,200 292,454 31 Direct labor 57,600 350,054 31 Factory overhead 14,358 364,412 31 Goods transferred, 239,000 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.
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 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. Hana Coffee…
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.
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…
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:AttachmentInstructionsPrepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process—Roasting Department.
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 Balance Debit Credit Debit Credit July 1 Bal., 4,100 units, 3/5 completed 12,628 31 Direct materials, 184,500 units 498,150 510,778 31 Direct labor 103,800 614,578 31 Factory overhead 25,994 640,572 31 Goods transferred, 185,000 units ? 31 Bal., 2 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 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., 5,400 units, 1/5 completed 11,448 31 Direct materials, 243,000 units 510,300 521,748 31 Direct labor 97,600 619,348 31 Factory overhead 24,440 643,788 31 Goods transferred, 243,000 units ? 31 Bal., ? units, 2/5 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. Hana Coffee…
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., 7,700 units, 3/5 completed 13,860 31 Direct materials, 346,500 units 554,400 568,260 31 Direct labor 111,400 679,660 31 Factory overhead 27,856 707,516 31 Goods transferred, 347,000 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 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., 7,600 units, 1/5 completed 12,920 31 Direct materials, 342,000 units 581,400 594,320 31 Direct labor 111,000 705,320 31 Factory overhead 27,704 733,024 31 Goods transferred, 343,000 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…
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…