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(Solved): Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The process begins by ...
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: Required: 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department, If an amount is zeco, enter " 0 ". When computing cost per equlvalent units, round to two decimal places.
Hana Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31
Cost-Information
1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calculate the costs assigned to the beginning inventory, the units started and complated, and the ending inventory. 2. Assuming that the July 1 work in process inventory includes \( \$ 14,560 \) of direct materials, determine the increase or decrease in the cost per equlvalent unit for direct materials and conversion between Februank Synd July. If required, round your answers to the nearest cent. Feedtack T Check My Work 2. Compare the costs per equivalent unit for February and July. The costs per equivalent unit for materials and conversion for February are in the July 1 work in process inventory. The materials amount is given.