Mochaccino Express 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., 63,000 units, 90% completed 344,295

31 Direct materials, 324,000 units 1,328,400 1,672,695

31 Direct labor 325,200 1,997,895

31 Factory overhead 120,300 2,118,195

31 Goods transferred, 313,000 units ?

31 Bal., ? units, 55% completed ?

Required:

Question Content Area

1. Prepare a cost of production report and identify the missing amounts for Work in Process—Roasting Department. If an amount box does not require an entry, leave it blank. When computing cost per equivalent units, round to the nearest cent.

Mochaccino Express Coffee Company

Cost of Production Report-Roasting Department

For the Month Ended July 31
Unit Information

Units charged to production: Number of Units

Inventory in process, July 1 fill in the blank f08e1802905c041_1

Received from materials storeroom fill in the blank f08e1802905c041_2

Total units accounted for by the Roasting Department fill in the blank f08e1802905c041_3

Units to be assigned costs: Equivalent Units

Whole
Units Direct
Materials

Conversion

Inventory in process, July 1 fill in the blank f08e1802905c041_4 fill in the blank f08e1802905c041_5 fill in the blank f08e1802905c041_6

Started and completed in July fill in the blank f08e1802905c041_7 fill in the blank f08e1802905c041_8 fill in the blank f08e1802905c041_9

Transferred to Packing Department in July fill in the blank f08e1802905c041_10 fill in the blank f08e1802905c041_11 fill in the blank f08e1802905c041_12

Inventory in process, July 31 fill in the blank f08e1802905c041_13 fill in the blank f08e1802905c041_14 fill in the blank f08e1802905c041_15

Total units to be assigned costs fill in the blank f08e1802905c041_16 fill in the blank f08e1802905c041_17 fill in the blank f08e1802905c041_18

Cost Information

Costs per equivalent unit: Direct
Materials

Conversion

Total costs for July in Roasting Department $fill in the blank f08e1802905c041_19 $fill in the blank f08e1802905c041_20

Total equivalent units fill in the blank f08e1802905c041_21 fill in the blank f08e1802905c041_22

Cost per equivalent unit $fill in the blank f08e1802905c041_23 $fill in the blank f08e1802905c041_24

Costs charged to production:

Direct
Materials

Conversion

Total

Inventory in process, July 1 $fill in the blank f08e1802905c041_25

Costs incurred in July fill in the blank f08e1802905c041_26

Total costs accounted for by the Roasting Department $fill in the blank f08e1802905c041_27

Cost allocated to completed and partially completed units:

Inventory in process, July 1 balance $fill in the blank f08e1802905c041_28

To complete inventory in process, July 1 $fill in the blank f08e1802905c041_29 $fill in the blank f08e1802905c041_30 fill in the blank f08e1802905c041_31

Cost of completed July 1 work in process $fill in the blank f08e1802905c041_32

Started and completed in July fill in the blank f08e1802905c041_33 fill in the blank f08e1802905c041_34 fill in the blank f08e1802905c041_35

Transferred to Packing Department in July $fill in the blank f08e1802905c041_36

Inventory in process, July 31 fill in the blank f08e1802905c041_37 fill in the blank f08e1802905c041_38 fill in the blank f08e1802905c041_39

Total costs assigned by the Roasting Department $fill in the blank f08e1802905c041_40

Question Content Area

2. Assuming that the July 1 work in process inventory includes $256,410 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 two decimal places.

Increase or Decrease Amount

Change in direct materials cost per equivalent unit

$fill in the blank a38060fd6fb0fbf_2

Change in conversion cost per equivalent unit

$fill in the blank a38060fd6fb0fbf_4

Transcribed Image Text:Units charged to production: Inventory in process, July 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Inventory in process, July 1 Started and completed in July Transferred to Packing Department in July Inventory in process, July 31 Total units to be assigned costs Costs per equivalent unit: Total costs for July in Roasting Department Total equivalent units Cost per equivalent unit Costs charged to production: Unit Information Whole Units Equivalent Units Cost Information Direct Materials Direct Materials Conversion Conversion
Transcribed Image Text:Cost of Production Report Mochaccino Express 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 Date July. Item 1 Bal., 63,000 units, 90% completed 31 Direct materials, 324,000 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 313,000 units 31 Bal., 2 units, 55% completed Required: Units charged to production: Debit Inventory in process, July 1 1,328,400 325,200 120,300 Credit ? ACCOUNT NO. Debit Balance 344,295 1,672,695 1,997,895 2,118,195 1. Prepare a cost of production report and identify the missing amounts for Work in Process-Roasting Department. If an amount box does not require an entry, leave it blank. When computing cost per equivalent units, round to the nearest cent. Credit Mochaccino Express Coffee Company Cost of Production Report-Roasting Department For the Month Ended July 31 Unit Information

Name: Mochaccino Express Coffee Company roasts and packs coffee beans. The p
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Description: Mochaccino Express 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 pa

Question

Mochaccino Express 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., 63,000 units, 90% completed			344,295
	31	Direct materials, 324,000 units	1,328,400			1,672,695
	31	Direct labor	325,200			1,997,895
	31	Factory overhead	120,300			2,118,195
	31	Goods transferred, 313,000 units		?
	31	Bal., ? units, 55% completed			?

Required:

Question Content Area

1. Prepare a cost of production report and identify the missing amounts for Work in Process—Roasting Department. If an amount box does not require an entry, leave it blank. When computing cost per equivalent units, round to the nearest cent.

Mochaccino Express Coffee Company

Cost of Production Report-Roasting Department

For the Month Ended July 31

Unit Information

Units charged to production:	Number of Units
Inventory in process, July 1	fill in the blank f08e1802905c041_1
Received from materials storeroom	fill in the blank f08e1802905c041_2
Total units accounted for by the Roasting Department	fill in the blank f08e1802905c041_3

Units to be assigned costs:	Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank f08e1802905c041_4	fill in the blank f08e1802905c041_5	fill in the blank f08e1802905c041_6
Started and completed in July	fill in the blank f08e1802905c041_7	fill in the blank f08e1802905c041_8	fill in the blank f08e1802905c041_9
Transferred to Packing Department in July	fill in the blank f08e1802905c041_10	fill in the blank f08e1802905c041_11	fill in the blank f08e1802905c041_12
Inventory in process, July 31	fill in the blank f08e1802905c041_13	fill in the blank f08e1802905c041_14	fill in the blank f08e1802905c041_15
Total units to be assigned costs	fill in the blank f08e1802905c041_16	fill in the blank f08e1802905c041_17	fill in the blank f08e1802905c041_18

Cost Information

Costs per equivalent unit:	Direct Materials	Conversion
Total costs for July in Roasting Department	$fill in the blank f08e1802905c041_19	$fill in the blank f08e1802905c041_20
Total equivalent units	fill in the blank f08e1802905c041_21	fill in the blank f08e1802905c041_22
Cost per equivalent unit	$fill in the blank f08e1802905c041_23	$fill in the blank f08e1802905c041_24
Costs charged to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank f08e1802905c041_25
Costs incurred in July			fill in the blank f08e1802905c041_26
Total costs accounted for by the Roasting Department			$fill in the blank f08e1802905c041_27
Cost allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank f08e1802905c041_28
To complete inventory in process, July 1	$fill in the blank f08e1802905c041_29	$fill in the blank f08e1802905c041_30	fill in the blank f08e1802905c041_31
Cost of completed July 1 work in process			$fill in the blank f08e1802905c041_32
Started and completed in July	fill in the blank f08e1802905c041_33	fill in the blank f08e1802905c041_34	fill in the blank f08e1802905c041_35
Transferred to Packing Department in July			$fill in the blank f08e1802905c041_36
Inventory in process, July 31	fill in the blank f08e1802905c041_37	fill in the blank f08e1802905c041_38	fill in the blank f08e1802905c041_39
Total costs assigned by the Roasting Department			$fill in the blank f08e1802905c041_40

Question Content Area

2. Assuming that the July 1 work in process inventory includes $256,410 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 two decimal places.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit		$fill in the blank a38060fd6fb0fbf_2
Change in conversion cost per equivalent unit		$fill in the blank a38060fd6fb0fbf_4

Units charged to production:
Inventory in process, July 1
Received from materials storeroom
Total units accounted for by the Roasting Department
Units to be assigned costs:
Inventory in process, July 1
Started and completed in July
Transferred to Packing Department in July
Inventory in process, July 31
Total units to be assigned costs
Costs per equivalent unit:
Total costs for July in Roasting Department
Total equivalent units
Cost per equivalent unit
Costs charged to production:
Unit Information
Whole
Units
Equivalent Units
Cost Information
Direct
Materials
Direct
Materials
Conversion
Conversion

Cost of Production Report
Mochaccino Express 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
Date
July.
Item
1 Bal., 63,000 units, 90% completed
31 Direct materials, 324,000 units
31 Direct labor
31 Factory overhead
31 Goods transferred, 313,000 units
31 Bal., 2 units, 55% completed
Required:
Units charged to production:
Debit
Inventory in process, July 1
1,328,400
325,200
120,300
Credit
?
ACCOUNT NO.
Debit
Balance
344,295
1,672,695
1,997,895
2,118,195
1. Prepare a cost of production report and identify the missing amounts for Work in Process-Roasting Department. If an amount box does not require an entry,
leave it blank. When computing cost per equivalent units, round to the nearest cent.
Credit
Mochaccino Express Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended July 31
Unit Information

Accepted Answer

The equivalent units are calculated on the basis of the percentage of the work completed during the…