Cost of Production Report The debits to Work in Process - Roasting Department for St. Arbucks Coffee Company for July 2012, together with information concerning production, are as follows: Work in process, July 1, 600 pounds, 20% completed 2,418 *Direct materials (600 x $3.80) 2,280 Conversion (600 x 20% x $1.15) 138 2,418 Coffee beans added during July , 23,000 pounds 82,800 Conversion costs during July 27,480 Work in process, July 31, 1,000 pounds, ? Goods finished during July, 22,600 pounds ? All direct materials are placed in process at the beginning of production. Prepare a cost of production report, presenting the following computations: a.Direct materials and conversion equivalent units of production for July. b.Direct materials and conversion costs per equivalent unit for July. c.Cost of goods finished during July. d.Cost of work in process at July 31, 2012. e.Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (June). If required, round your answers to two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit: $ Change in conversion cost per equivalent unit: $

The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 1,400 units, 75% completed.                     22,960*Direct materials (1,400 x $12.65)                                          $17,710 Conversion (1,400 x 75% x $5.00)                                            5,250                                                                                                 ___________                                                                                                  $22,960 Materials added in January from Weaving Department                     $742,40058,000 units. Direct labor for January                                                                         $134,550 Factory Overhead for January                                                              $151,611 Goods finished during Janaury…

Subject: acounting

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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…

The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 700 pounds, 30% completed     $4,081*   *Direct materials (700 X $5.2) $3,640       Conversion (700 X 30% X $2.1) $441       $4,081     Coffee beans added during August, 22,000 pounds     $113,300 Conversion costs during August     48,752 Work in process, August 31, 1,100 pounds, 70% completed     ? Goods finished during August, 21,600 pounds     ? All direct materials are placed in process at the beginning of production. a.  Prepare a cost of production report, presenting the following computations: Direct materials and conversion equivalent units of production for August Direct materials and conversion costs per equivalent unit for August Cost of goods finished during August Cost of work in process at August 31 If an amount box does not require an entry, leave it blank.…

Cost of Production Report The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 10,400 units, 80% completed   $128,128*     *Direct materials (10,400 × $8.00) $83,200       Conversion (10,400 × 80% × $5.40) 44,928     $128,128   Materials added during January from Weaving Department, 160,000 units   $1,304,000 Direct labor for January   387,313 Factory overhead for January   473,382 Goods finished during January (includes goods in process, January 1), 161,800 units   — Work in process, January 31, 8,600 units, 35% completed a.  Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places.   b.  Compute and evaluate the change in the costs per equivalent unit for direct materials and conversion from…

Required information [The following information applies to the questions displayed below.] Select the best answer for each of the following independent multiple-choice questions. Required: a. Hillger Paints production cycle starts in Department A. The following information is available for April: Work in process, April 1 (30% complete) Started in April Work in process, April 30 (70% complete) Units 125,000 405,000 67,000 & Exi Materials are added at the beginning of the process in Department A. Using the weighted-average method, what are the equivalent units of production for the month of April?

Direct Materials Used, Cost of Goods Manufactured In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $120,000. Overhead totaled $325,000 for the month. Information on inventories was as follows: Materials Work in process Finished goods Required: September 1 September 30 $120,000 80,000 70,000 $130,000 90,000 65,000 Download Excel spreadsheet 1. What was the cost of direct materials used in September? 2. What was the total manufacturing cost in September? 3. What was the cost of goods manufactured for September? 4. Assume that Lauren Ashley Company's monthly incurred direct labor cost increased by 25% and total overhead costs decreased by 20%. Using Excel (or some other spreadsheet software tool), calculate Lauren Ashely's new cost of goods manufactured that results from the changes in direct labor cost and overhead costs. Even for a relatively simple exercise, this requirement illustrates the time and effort savings of utilizing…