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., 7,400 units, 2/5 completed 21,608 31 Direct materials, 333,000 units 899,100 920,708 31 Direct labor 187,500 1,108,208 31 Factory overhead 46,916 1,155,124 31 Goods transferred, 334,000 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. 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 cf8e52082feb043_1 Received from materials storeroom fill in the blank cf8e52082feb043_2 Total units accounted for by the Roasting Department fill in the blank cf8e52082feb043_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank cf8e52082feb043_4 fill in the blank cf8e52082feb043_5 fill in the blank cf8e52082feb043_6 Started and completed in July fill in the blank cf8e52082feb043_7 fill in the blank cf8e52082feb043_8 fill in the blank cf8e52082feb043_9 Transferred to Packing Department in July fill in the blank cf8e52082feb043_10 fill in the blank cf8e52082feb043_11 fill in the blank cf8e52082feb043_12 Inventory in process, July 31 fill in the blank cf8e52082feb043_13 fill in the blank cf8e52082feb043_14 fill in the blank cf8e52082feb043_15 Total units to be assigned costs fill in the blank cf8e52082feb043_16 fill in the blank cf8e52082feb043_17 fill in the blank cf8e52082feb043_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank cf8e52082feb043_19 $fill in the blank cf8e52082feb043_20 Total equivalent units fill in the blank cf8e52082feb043_21 fill in the blank cf8e52082feb043_22 Cost per equivalent unit $fill in the blank cf8e52082feb043_23 $fill in the blank cf8e52082feb043_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank cf8e52082feb043_25 Costs incurred in July fill in the blank cf8e52082feb043_26 Total costs accounted for by the Roasting Department $fill in the blank cf8e52082feb043_27 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank cf8e52082feb043_28 To complete inventory in process, July 1 $fill in the blank cf8e52082feb043_29 $fill in the blank cf8e52082feb043_30 fill in the blank cf8e52082feb043_31 Cost of completed July 1 work in process $fill in the blank cf8e52082feb043_32 Started and completed in July fill in the blank cf8e52082feb043_33 fill in the blank cf8e52082feb043_34 fill in the blank cf8e52082feb043_35 Transferred to Molding Department in July $fill in the blank cf8e52082feb043_36 Inventory in process, July 31 fill in the blank cf8e52082feb043_37 fill in the blank cf8e52082feb043_38 fill in the blank cf8e52082feb043_39 Total costs assigned by the Roasting Department $fill in the blank cf8e52082feb043_40 2. Assuming that the July 1 work in process inventory includes $19,240 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 $fill in the blank c246880c5fca04e_2 Change in conversion cost per equivalent unit $fill in the blank c246880c5fca04e_4

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., 7,400 units, 2/5 completed 21,608 31 Direct materials, 333,000 units 899,100 920,708 31 Direct labor 187,500 1,108,208 31 Factory overhead 46,916 1,155,124 31 Goods transferred, 334,000 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. 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 cf8e52082feb043_1 Received from materials storeroom fill in the blank cf8e52082feb043_2 Total units accounted for by the Roasting Department fill in the blank cf8e52082feb043_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank cf8e52082feb043_4 fill in the blank cf8e52082feb043_5 fill in the blank cf8e52082feb043_6 Started and completed in July fill in the blank cf8e52082feb043_7 fill in the blank cf8e52082feb043_8 fill in the blank cf8e52082feb043_9 Transferred to Packing Department in July fill in the blank cf8e52082feb043_10 fill in the blank cf8e52082feb043_11 fill in the blank cf8e52082feb043_12 Inventory in process, July 31 fill in the blank cf8e52082feb043_13 fill in the blank cf8e52082feb043_14 fill in the blank cf8e52082feb043_15 Total units to be assigned costs fill in the blank cf8e52082feb043_16 fill in the blank cf8e52082feb043_17 fill in the blank cf8e52082feb043_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank cf8e52082feb043_19 $fill in the blank cf8e52082feb043_20 Total equivalent units fill in the blank cf8e52082feb043_21 fill in the blank cf8e52082feb043_22 Cost per equivalent unit $fill in the blank cf8e52082feb043_23 $fill in the blank cf8e52082feb043_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank cf8e52082feb043_25 Costs incurred in July fill in the blank cf8e52082feb043_26 Total costs accounted for by the Roasting Department $fill in the blank cf8e52082feb043_27 Costs allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank cf8e52082feb043_28 To complete inventory in process, July 1 $fill in the blank cf8e52082feb043_29 $fill in the blank cf8e52082feb043_30 fill in the blank cf8e52082feb043_31 Cost of completed July 1 work in process $fill in the blank cf8e52082feb043_32 Started and completed in July fill in the blank cf8e52082feb043_33 fill in the blank cf8e52082feb043_34 fill in the blank cf8e52082feb043_35 Transferred to Molding Department in July $fill in the blank cf8e52082feb043_36 Inventory in process, July 31 fill in the blank cf8e52082feb043_37 fill in the blank cf8e52082feb043_38 fill in the blank cf8e52082feb043_39 Total costs assigned by the Roasting Department $fill in the blank cf8e52082feb043_40 2. Assuming that the July 1 work in process inventory includes $19,240 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 $fill in the blank c246880c5fca04e_2 Change in conversion cost per equivalent unit $fill in the blank c246880c5fca04e_4

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...

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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., 7,400 units, 2/5 completed			21,608
	31	Direct materials, 333,000 units	899,100			920,708
	31	Direct labor	187,500			1,108,208
	31	Factory overhead	46,916			1,155,124
	31	Goods transferred, 334,000 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.

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 cf8e52082feb043_1
Received from materials storeroom	fill in the blank cf8e52082feb043_2
Total units accounted for by the Roasting Department	fill in the blank cf8e52082feb043_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank cf8e52082feb043_4	fill in the blank cf8e52082feb043_5	fill in the blank cf8e52082feb043_6
Started and completed in July	fill in the blank cf8e52082feb043_7	fill in the blank cf8e52082feb043_8	fill in the blank cf8e52082feb043_9
Transferred to Packing Department in July	fill in the blank cf8e52082feb043_10	fill in the blank cf8e52082feb043_11	fill in the blank cf8e52082feb043_12
Inventory in process, July 31	fill in the blank cf8e52082feb043_13	fill in the blank cf8e52082feb043_14	fill in the blank cf8e52082feb043_15
Total units to be assigned costs	fill in the blank cf8e52082feb043_16	fill in the blank cf8e52082feb043_17	fill in the blank cf8e52082feb043_18
Cost Information
Cost per equivalent unit:
	Direct Materials	Conversion
Total costs for July in Roasting Department	$fill in the blank cf8e52082feb043_19	$fill in the blank cf8e52082feb043_20
Total equivalent units	fill in the blank cf8e52082feb043_21	fill in the blank cf8e52082feb043_22
Cost per equivalent unit	$fill in the blank cf8e52082feb043_23	$fill in the blank cf8e52082feb043_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank cf8e52082feb043_25
Costs incurred in July			fill in the blank cf8e52082feb043_26
Total costs accounted for by the Roasting Department			$fill in the blank cf8e52082feb043_27
Costs allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank cf8e52082feb043_28
To complete inventory in process, July 1	$fill in the blank cf8e52082feb043_29	$fill in the blank cf8e52082feb043_30	fill in the blank cf8e52082feb043_31
Cost of completed July 1 work in process			$fill in the blank cf8e52082feb043_32
Started and completed in July	fill in the blank cf8e52082feb043_33	fill in the blank cf8e52082feb043_34	fill in the blank cf8e52082feb043_35
Transferred to Molding Department in July			$fill in the blank cf8e52082feb043_36
Inventory in process, July 31	fill in the blank cf8e52082feb043_37	fill in the blank cf8e52082feb043_38	fill in the blank cf8e52082feb043_39
Total costs assigned by the Roasting Department			$fill in the blank cf8e52082feb043_40

2. Assuming that the July 1 work in process inventory includes $19,240 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		$fill in the blank c246880c5fca04e_2
Change in conversion cost per equivalent unit		$fill in the blank c246880c5fca04e_4

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