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., 4,400 units, 40% completed 15,224 31 Direct materials, 176,000 units 563,200 578,424 31 Direct labor 113,500 691,924 31 Factory overhead 28,324 720,248 31 Goods transferred, 177,000 units ? 31 Bal., ? units, 60% 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 two decimal places. Mochaccino Express 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 56d0eefc904f049_1 Received from materials storeroom fill in the blank 56d0eefc904f049_2 Total units accounted for by the Roasting Department fill in the blank 56d0eefc904f049_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank 56d0eefc904f049_4 fill in the blank 56d0eefc904f049_5 fill in the blank 56d0eefc904f049_6 Started and completed in July fill in the blank 56d0eefc904f049_7 fill in the blank 56d0eefc904f049_8 fill in the blank 56d0eefc904f049_9 Transferred to Packing Department in July fill in the blank 56d0eefc904f049_10 fill in the blank 56d0eefc904f049_11 fill in the blank 56d0eefc904f049_12 Inventory in process, July 31 fill in the blank 56d0eefc904f049_13 fill in the blank 56d0eefc904f049_14 fill in the blank 56d0eefc904f049_15 Total units to be assigned costs fill in the blank 56d0eefc904f049_16 fill in the blank 56d0eefc904f049_17 fill in the blank 56d0eefc904f049_18 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank 56d0eefc904f049_19 $fill in the blank 56d0eefc904f049_20 Total equivalent units fill in the blank 56d0eefc904f049_21 fill in the blank 56d0eefc904f049_22 Cost per equivalent unit $fill in the blank 56d0eefc904f049_23 $fill in the blank 56d0eefc904f049_24 Costs charged to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank 56d0eefc904f049_25 Costs incurred in July fill in the blank 56d0eefc904f049_26 Total costs accounted for by the Roasting Department $fill in the blank 56d0eefc904f049_27 Cost allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank 56d0eefc904f049_28 To complete inventory in process, July 1 $fill in the blank 56d0eefc904f049_29 $fill in the blank 56d0eefc904f049_30 fill in the blank 56d0eefc904f049_31 Cost of completed July 1 work in process $fill in the blank 56d0eefc904f049_32 Started and completed in July fill in the blank 56d0eefc904f049_33 fill in the blank 56d0eefc904f049_34 fill in the blank 56d0eefc904f049_35 Transferred to Packing Department in July $fill in the blank 56d0eefc904f049_36 Inventory in process, July 31 fill in the blank 56d0eefc904f049_37 fill in the blank 56d0eefc904f049_38 fill in the blank 56d0eefc904f049_39 Total costs assigned by the Roasting Department $fill in the blank 56d0eefc904f049_40 Question Content Area 2. Assuming that the July 1 work in process inventory includes $13,640 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 the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank 629fcd0ec066046_2 Change in conversion cost per equivalent unit $fill in the blank 629fcd0ec066046_4

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., 4,400 units, 40% completed 15,224 31 Direct materials, 176,000 units 563,200 578,424 31 Direct labor 113,500 691,924 31 Factory overhead 28,324 720,248 31 Goods transferred, 177,000 units ? 31 Bal., ? units, 60% 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 two decimal places. Mochaccino Express 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 56d0eefc904f049_1 Received from materials storeroom fill in the blank 56d0eefc904f049_2 Total units accounted for by the Roasting Department fill in the blank 56d0eefc904f049_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, July 1 fill in the blank 56d0eefc904f049_4 fill in the blank 56d0eefc904f049_5 fill in the blank 56d0eefc904f049_6 Started and completed in July fill in the blank 56d0eefc904f049_7 fill in the blank 56d0eefc904f049_8 fill in the blank 56d0eefc904f049_9 Transferred to Packing Department in July fill in the blank 56d0eefc904f049_10 fill in the blank 56d0eefc904f049_11 fill in the blank 56d0eefc904f049_12 Inventory in process, July 31 fill in the blank 56d0eefc904f049_13 fill in the blank 56d0eefc904f049_14 fill in the blank 56d0eefc904f049_15 Total units to be assigned costs fill in the blank 56d0eefc904f049_16 fill in the blank 56d0eefc904f049_17 fill in the blank 56d0eefc904f049_18 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for July in Roasting Department $fill in the blank 56d0eefc904f049_19 $fill in the blank 56d0eefc904f049_20 Total equivalent units fill in the blank 56d0eefc904f049_21 fill in the blank 56d0eefc904f049_22 Cost per equivalent unit $fill in the blank 56d0eefc904f049_23 $fill in the blank 56d0eefc904f049_24 Costs charged to production: Direct Materials Conversion Total Inventory in process, July 1 $fill in the blank 56d0eefc904f049_25 Costs incurred in July fill in the blank 56d0eefc904f049_26 Total costs accounted for by the Roasting Department $fill in the blank 56d0eefc904f049_27 Cost allocated to completed and partially completed units: Inventory in process, July 1 balance $fill in the blank 56d0eefc904f049_28 To complete inventory in process, July 1 $fill in the blank 56d0eefc904f049_29 $fill in the blank 56d0eefc904f049_30 fill in the blank 56d0eefc904f049_31 Cost of completed July 1 work in process $fill in the blank 56d0eefc904f049_32 Started and completed in July fill in the blank 56d0eefc904f049_33 fill in the blank 56d0eefc904f049_34 fill in the blank 56d0eefc904f049_35 Transferred to Packing Department in July $fill in the blank 56d0eefc904f049_36 Inventory in process, July 31 fill in the blank 56d0eefc904f049_37 fill in the blank 56d0eefc904f049_38 fill in the blank 56d0eefc904f049_39 Total costs assigned by the Roasting Department $fill in the blank 56d0eefc904f049_40 Question Content Area 2. Assuming that the July 1 work in process inventory includes $13,640 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 the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank 629fcd0ec066046_2 Change in conversion cost per equivalent unit $fill in the blank 629fcd0ec066046_4

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

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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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 two decimal places.

Mochaccino Express 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 56d0eefc904f049_1
Received from materials storeroom	fill in the blank 56d0eefc904f049_2
Total units accounted for by the Roasting Department	fill in the blank 56d0eefc904f049_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank 56d0eefc904f049_4	fill in the blank 56d0eefc904f049_5	fill in the blank 56d0eefc904f049_6
Started and completed in July	fill in the blank 56d0eefc904f049_7	fill in the blank 56d0eefc904f049_8	fill in the blank 56d0eefc904f049_9
Transferred to Packing Department in July	fill in the blank 56d0eefc904f049_10	fill in the blank 56d0eefc904f049_11	fill in the blank 56d0eefc904f049_12
Inventory in process, July 31	fill in the blank 56d0eefc904f049_13	fill in the blank 56d0eefc904f049_14	fill in the blank 56d0eefc904f049_15
Total units to be assigned costs	fill in the blank 56d0eefc904f049_16	fill in the blank 56d0eefc904f049_17	fill in the blank 56d0eefc904f049_18
Cost Information
Costs per equivalent unit:
	Direct Materials	Conversion
Total costs for July in Roasting Department	$fill in the blank 56d0eefc904f049_19	$fill in the blank 56d0eefc904f049_20
Total equivalent units	fill in the blank 56d0eefc904f049_21	fill in the blank 56d0eefc904f049_22
Cost per equivalent unit	$fill in the blank 56d0eefc904f049_23	$fill in the blank 56d0eefc904f049_24
Costs charged to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank 56d0eefc904f049_25
Costs incurred in July			fill in the blank 56d0eefc904f049_26
Total costs accounted for by the Roasting Department			$fill in the blank 56d0eefc904f049_27
Cost allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank 56d0eefc904f049_28
To complete inventory in process, July 1	$fill in the blank 56d0eefc904f049_29	$fill in the blank 56d0eefc904f049_30	fill in the blank 56d0eefc904f049_31
Cost of completed July 1 work in process			$fill in the blank 56d0eefc904f049_32
Started and completed in July	fill in the blank 56d0eefc904f049_33	fill in the blank 56d0eefc904f049_34	fill in the blank 56d0eefc904f049_35
Transferred to Packing Department in July			$fill in the blank 56d0eefc904f049_36
Inventory in process, July 31	fill in the blank 56d0eefc904f049_37	fill in the blank 56d0eefc904f049_38	fill in the blank 56d0eefc904f049_39
Total costs assigned by the Roasting Department			$fill in the blank 56d0eefc904f049_40

Question Content Area

2. Assuming that the July 1 work in process inventory includes $13,640 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 the nearest cent.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit		$fill in the blank 629fcd0ec066046_2
Change in conversion cost per equivalent unit		$fill in the blank 629fcd0ec066046_4

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ACCOUNT Work in Process—Roasting Department	ACCOUNT NO.
Date	Item	Debit	Credit	Balance
Debit	Credit
July	1	Bal., 4,400 units, 40% completed			15,224
	31	Direct materials, 176,000 units	563,200			578,424
	31	Direct labor	113,500			691,924
	31	Factory overhead	28,324			720,248
	31	Goods transferred, 177,000 units		?
	31	Bal., ? units, 60% completed			?