Business, 26.02.2020 05:24 camidevecchis15

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., 6,100 units, 4/5 completed 14,518
31 Direct materials, 274,500 units 549,000 563,518
31 Direct labor 109,400 672,918
31 Factory overhead 27,340 700,258
31 Goods transferred, 275,000 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.
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.

Answers: 3

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Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into t...

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