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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. Balance Date Item Debit Credit Debit Credit July 1 Bal., 4,900 units, 2/5 completed 16,464 31 Direct materials, 196,000 units 607,600 624,064 31 Direct labor 126,800 750,864 31 Factory overhead 31,728 782,592 31 Goods transferred, 197,000 units 31 Bal., ? units, 4/5 completed zequired: -. 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 nits, 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. Balance Date Item Debit Credit Debit Credit July 1 Bal., 4,900 units, 2/5 completed 16,464 31 Direct materials, 196,000 units 607,600 624,064 31 Direct labor 126,800 750,864 31 Factory overhead 31,728 782,592 31 Goods transferred, 197,000 units 31 Bal., ? units, 4/5 completed zequired: -. 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 nits, round to two decimal places.

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter19: Variable Costing (varcost)
Section: Chapter Questions
Problem 2R: Open the file VARCOST from the website for this book at cengagebrain.com. Enter the formulas where...
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Drive - Google Drive X 4 My Drive - Google Drive Front Desk Operations 2020 - Go X takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3false flix o TVCC Email ☆ Tp Ash P My Math Lab Log In to Canvas Mathway | Calculus... N Netflix Cengage Login * Login Reading list Cost of Production Report 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. Balance Date Item Debit Credit Debit Credit July 1 Bal., 4,900 units, 2/5 completed 16,464 31 Direct materials, 196,000 units 607,600 624,064 31 Direct labor 126,800 750,864 31 Factory overhead 31,728 782,592 31 Goods transferred, 197,000 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. Arabica Highland Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information
Transcribed Image Text:Drive - Google Drive X 4 My Drive - Google Drive Front Desk Operations 2020 - Go X takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3false flix o TVCC Email ☆ Tp Ash P My Math Lab Log In to Canvas Mathway | Calculus... N Netflix Cengage Login * Login Reading list Cost of Production Report 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. Balance Date Item Debit Credit Debit Credit July 1 Bal., 4,900 units, 2/5 completed 16,464 31 Direct materials, 196,000 units 607,600 624,064 31 Direct labor 126,800 750,864 31 Factory overhead 31,728 782,592 31 Goods transferred, 197,000 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. Arabica Highland Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information
- My Drive - Google Drive 4 My Drive - Google Drive Front Desk Operations 2020 - Go X + ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3Dfalse * Tp Netflix 0z TVCC Email P My Math Lab Log In to Canvas X Mathway |Calculus... N Netflix . Cengage Login * Login 国Reading Direct Total Materials Conversion Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department Cost 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 $4 Transferred to Packing Department in July Inventory in process, July 31 $4 Total costs assigned by the Roasting Department 2. Assuming that the July 1 work in process inventory includes $14,700 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 the nearest cent. Amount Increase or Decrease Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit t分 %24 %24 %24 %24 %24
Transcribed Image Text:- My Drive - Google Drive 4 My Drive - Google Drive Front Desk Operations 2020 - Go X + ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress%3Dfalse * Tp Netflix 0z TVCC Email P My Math Lab Log In to Canvas X Mathway |Calculus... N Netflix . Cengage Login * Login 国Reading Direct Total Materials Conversion Inventory in process, July 1 Costs incurred in July Total costs accounted for by the Roasting Department Cost 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 $4 Transferred to Packing Department in July Inventory in process, July 31 $4 Total costs assigned by the Roasting Department 2. Assuming that the July 1 work in process inventory includes $14,700 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 the nearest cent. Amount Increase or Decrease Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit t分 %24 %24 %24 %24 %24
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ISBN:
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Publisher:
Cengage Learning
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