(Solved): Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into ...

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., 6,800 units, 1/5 completed					14,416
	31	Direct materials, 306,000 units	642,600				657,016
	31	Direct labor	123,200				780,216
	31	Factory overhead	30,780				810,996
	31	Goods transferred, 307,000 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 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 5273a1fd506302a_1
Received from materials storeroom			fill in the blank 5273a1fd506302a_2
Total units accounted for by the Roasting Department			fill in the blank 5273a1fd506302a_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank 5273a1fd506302a_4	fill in the blank 5273a1fd506302a_5	fill in the blank 5273a1fd506302a_6
Started and completed in July	fill in the blank 5273a1fd506302a_7	fill in the blank 5273a1fd506302a_8	fill in the blank 5273a1fd506302a_9
Transferred to Packing Department in July	fill in the blank 5273a1fd506302a_10	fill in the blank 5273a1fd506302a_11	fill in the blank 5273a1fd506302a_12
Inventory in process, July 31	fill in the blank 5273a1fd506302a_13	fill in the blank 5273a1fd506302a_14	fill in the blank 5273a1fd506302a_15
Total units to be assigned costs	fill in the blank 5273a1fd506302a_16	fill in the blank 5273a1fd506302a_17	fill in the blank 5273a1fd506302a_18
Cost Information
Cost per equivalent unit:
		Direct Materials	Conversion
Total costs for July in Roasting Department		$fill in the blank 5273a1fd506302a_19	$fill in the blank 5273a1fd506302a_20
Total equivalent units		fill in the blank 5273a1fd506302a_21	fill in the blank 5273a1fd506302a_22
Cost per equivalent unit		$fill in the blank 5273a1fd506302a_23	$fill in the blank 5273a1fd506302a_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank 5273a1fd506302a_25
Costs incurred in July			fill in the blank 5273a1fd506302a_26
Total costs accounted for by the Roasting Department			$fill in the blank 5273a1fd506302a_27
Costs allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank 5273a1fd506302a_28
To complete inventory in process, July 1	$fill in the blank 5273a1fd506302a_29	$fill in the blank 5273a1fd506302a_30	fill in the blank 5273a1fd506302a_31
Cost of completed July 1 work in process			$fill in the blank 5273a1fd506302a_32
Started and completed in July	fill in the blank 5273a1fd506302a_33	fill in the blank 5273a1fd506302a_34	fill in the blank 5273a1fd506302a_35
Transferred to Molding Department in July			$fill in the blank 5273a1fd506302a_36
Inventory in process, July 31	fill in the blank 5273a1fd506302a_37	fill in the blank 5273a1fd506302a_38	fill in the blank 5273a1fd506302a_39
Total costs assigned by the Roasting Department			$fill in the blank 5273a1fd506302a_40

 

2.  Assuming that the July 1 work in process inventory includes $13,600 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	DecreaseIncreaseIncrease	$fill in the blank 223046059fe6fa3_2
Change in conversion cost per equivalent unit	DecreaseIncreaseDecrease	$fill in the blank 223046059fe6fa3_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 July Item 1 Bal., 6,800 units, 1/5 completed 31 Direct materials, 306,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 307,000 units 31 Bal., 2 units, 2/5 completed Required: Units charged to production: Inventory in process, July 1 Received from materials storeroom Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total units to be assigned costs Cost per equivalent unit: Debit Total units accounted for by the Roasting Department Units to be assigned costs: Total costs for July in Roasting Department Total equivalent units 642,600 123,200 30,780 Cost per equivalent unit Costs assigned to production: 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 Credit ? Cost Information Debit Whole Units 6,800 ? Balance 14,416 657,016 780,216 810,996 $ Credit Direct Materials 0 ? 6,800 306,000 Equivalent Units Direct Materials 312,800 ? Conversion Conversion Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, July 1 balance To complete inventory in process, July 1 Cost of completed July 1 work in process Started and completed in July Transferred to Molding Department in July Inventory in process, July 31 Total costs assigned by the Roasting Department Direct Materials Conversion Total 10000 2. Assuming that the July 1 work in process inventory includes $13,600 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 Change in conversion cost per equivalent unit Increase Decrease ?