Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for...

Question

Question

Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for Boston Coffee Compan

Print Item 31 MC 25-113 32 MC 25-112 33 MC 25-111 34 MC 25-110 35 MC 25-114 36 EX 20-24 APALGO 37 EX 20-27 APALGOo 3 EX 20-29

31 MC 25-113 Total units accounted for by the Roasting Depertment Unks to be assigned costs: 32 MC 25-112 WholeEquivalent Uni

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Solution:

Cost of Production Report-Roasting Department For the Honth Ended March 31, 201 Unt Information Units to account for during p

Cost allocated to completed and partially completed units:
Transferred to finished goods in march	$2,521,400
Inventory in process, march 31 ($14*180,100)	19,040
Total cost assigned by roasting department (14*1,360)	$2,540,440

Add a comment

Answer 2

Similar Homework Help Questions

Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston...

Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in process, March 1, 3,100 pounds, 40% completed $31,070 Coffee beans added during March, 191,300 pounds 1,072,040 Conversion costs during March 450,570 Work in process, March 31, 1,900 pounds, 90% completed _ Goods finished during March, 192,500 pounds _ Prepare a cost of production report, using the average cost...
Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston...

Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in process, March 1, 2,000 pounds, 50% completed $20,040 Coffee beans added during March, 123,400 pounds 691,550 Conversion costs during March 290,650 Work in process, March 31, 1,200 pounds, 90% completed _ Goods finished during March, 124,200 pounds _ Prepare a cost of production report, using the average cost...
Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Boston...

Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: work in process, March 1, 2,800 pounds, 10% completed Coffee beans added during March, 172,800 pounds Conversion costs during March work in process, March 31, 1,700 pounds, 80% completed Goods finished during March, 173,900 pounds Prepare a cost of production report, $21,030 725,580 304,950 using the average cost method. If...

Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Highlands...

Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Highlands Coffee Company for May as well as information concerning production are as follows: $9,490 327,500 Work in process, May 1, 1,900 pounds, 50% completed Coffee beans added during May, 117,200 pounds Conversion costs during May Work in process, May 31, 1,100 pounds, 60% completed Goods finished during May, 118,000 pounds 137,650 Prepare a cost of production report for May, using the average cost method....
Cost of Production Report: Weighted average method The increases to Work in Process --Roasting Department for...

Cost of Production Report: Weighted average method The increases to Work in Process --Roasting Department for Highlands Coffee Company for May as well as information concerning production are as follows: Work in process, May 1, 1,150 pounds, 40% completed $1,700 Coffee beans added during May, 10,900 pounds 28,600 Conversion costs during May 12,504 Work in profess, May 31, 800 pounds, 80% completed Goods finished during May, 11,250 pounds Prepare a cost of production report for May, using the weighted average...
Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company...

Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,000 pounds, 20% completed $3,880* *Direct materials (1,000 X $3.6) $3,600 Conversion (1,000 X 20% X $1.4) $280 $3,880 Coffee beans added during August, 31,000 pounds 110,050 Conversion costs during August 46,260 Work in process, August 31, 1,600 pounds, 40% completed ? Goods finished during August, 30,400 pounds ?...

Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company...

Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August 2016, together with information concerning production, are as follows: Work in process, August 1, 700 pounds, 20% completed $ 3,479* *Direct materials (700 X $4.70) $3,290 Conversion (700 X 20% X $1.35) 189 $3,479 Coffee beans added during August, 14,300 pounds 65,780 Conversion costs during August 21,942 Work in process, August 31, 400 pounds, 42% completed ? Goods finished during August, 14,600...
Cost of Production Report The debits to Work in Process—Roasting Department for St. Arbucks Coffee Company...

Cost of Production Report The debits to Work in Process—Roasting Department for St. Arbucks Coffee Company for July 2016, together with information concerning production, are as follows: Work in process, July 1, 1,200 pounds, 20% completed $4,416* *Direct materials (1,200 X $3.4) $4,080 Conversion (1,200 X 20% X $1.4) $336 $4,416 Coffee beans added during July, 38,000 pounds 127,300 Conversion costs during July 56,640 Work in process, July 31, 2,000 pounds, 40% completed ? Goods finished during July, 37,200 pounds...
Cost of Production Report The debits to Work in Process --Roasting Department for Morning Brew Coffee...

Cost of Production Report The debits to Work in Process --Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, completed "Direct materials (1.200 X 54.5) $5,400 Conversion (1,200 X 60% X 51.8) $1.00 36,696 Coffee beans added during August, 38,000 pounds 169,100 Conversion costs during August Work in process, August 31, 2,000 pounds, os completed Goods finished during August, 37,200 pounds All direct materials are...

Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company...

Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, 40% completed $5,568* *Direct materials (1,200 X $4) $4,800 Conversion (1,200 X 40% X $1.6) $768 $5,568 Coffee beans added during August, 38,000 pounds 150,100 Conversion costs during August 64,464 Work in process, August 31, 2,000 pounds, 60% completed ? Goods finished during August, 37,200 pounds ?...

Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for...

Homework Answers

Add Answer to:
Cost of Production Report: Average Cost Method The increases to Work in Process- Roasting Department for...

Post as a guest

Earn Coins