1. Prepare a cost of production report, and identify the missing amounts for Work in Process—Roasting...
1. Prepare a cost of production report, and identify the missing amounts for Work in Process—Roasting Department. If an amount is zero, enter in a zero "0". When computing cost per equivalent units, round to the nearest cent.
| Fresh Mountain Coffee Company | |||
| Cost of Production Report-Roasting Department | |||
|
For the Month Ended March 31, 2016 |
Homework Answers
Working
Direct Material Cost per unit in Feb = 5700/1500 = $ 3.80
Direct Material Cost per unit in March = 3.90
Increase in Direct Material Cost per unit = 3.90 -3.80
Increase in Direct Material Cost per unit = 0.10
Conversion Cost per unit in Feb = (6150-5700)/(1500*30%) = $ 1
Conversion Cost per unit in March =0.80
Decrease in Conversion Cost per unit = 1 - 0.80
Decrease in Conversion Cost per unit = 0.20
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1. Prepare a cost of production report, and
identify the missing amounts for Work in Process—Roasting...
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 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...
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. Balance Date Item Debit Credit Debit Credit July 1 Bal., 5,400 units, 2/5 completed 31 Direct materials, 243,000 units 13,932 597,132...
Calculator Print item Cost of Production Report Hana Coffee Company roasts and packs coffee beans. The...
Calculator Print item 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 Departme July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Credit July Debit 16,380 659,880 799,780 1 Bal., 6,500 units, 3/5 completed 31 Direct...
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 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: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit July 20,280 868,530 848,250 165,300 1,033,830 1 Bal., 6,500 units, 2/5 completed 31 Direct...
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: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Item Debit Credit - Debit Credit Date July 1 Bal., 5,900 units, 4/5 completed 31 Direct materials, 265,500 units 849,600...
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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: 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 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 308,700 1 Bal., 4,900 units, 1/5 completed 31 Direct materials, 220,500 units 31...
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. Balance Date Item Debit Credit Debit Credit July 1 Bal., 5,400 units, 2/5 completed 31 Direct materials, 243,000 units 13,932 597,132...
Calculator Print item 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 Departme July 31: ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Credit July Debit 16,380 659,880 799,780 1 Bal., 6,500 units, 3/5 completed 31 Direct...
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 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. Balance Date Item Debit Credit Debit Credit July 20,280 868,530 848,250 165,300 1,033,830 1 Bal., 6,500 units, 2/5 completed 31 Direct...
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. Balance Item Debit Credit - Debit Credit Date July 1 Bal., 5,900 units, 4/5 completed 31 Direct materials, 265,500 units 849,600...
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