Arabica Highland Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roast
Posted: Tue Jul 05, 2022 1:37 pm
Arabica Highland Coffee Company roasts and packs coffee beans.The process begins by placing coffee beans into the RoastingDepartment. From the Roasting Department, coffee beans are thentransferred to the Packing Department. The following is a partialwork in process account of the Roasting Department at July 31:
Required:
Question Content Area
1. Prepare a cost of production report,and identify the missing amounts for Work in Process—RoastingDepartment. If an amount is zero, enter "0". Whencomputing cost per equivalent units, round to two decimalplaces.
Question Content Area
2. Assuming that the July 1 work inprocess inventory includes $8,000 of direct materials, determinethe increase or decrease in the cost per equivalent unit for directmaterials and conversion between June and July. If required, roundyour answers to the nearest cent.
Required:
Question Content Area
1. Prepare a cost of production report,and identify the missing amounts for Work in Process—RoastingDepartment. If an amount is zero, enter "0". Whencomputing cost per equivalent units, round to two decimalplaces.
Question Content Area
2. Assuming that the July 1 work inprocess inventory includes $8,000 of direct materials, determinethe increase or decrease in the cost per equivalent unit for directmaterials and conversion between June and July. If required, roundyour answers to the nearest cent.