Cost of Production ReportHana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffebeans 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 DepartmentACCOUNT NO.BalanceDateItemJuly 1 Bal., 30,000 units, 10% completed31 Direct materials, 155,000 units31 Direct labor31 Factory overhead31 Goods transferred, 149,000 units31 Bal., 2 units, 45% completedRequired:Debit620,00090,00033,272CreditDebit121,800741,800831,800865,072Credit1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. If an amount is zero, enter "0". When computingcost per equivalent units, round to the nearest cent.Hana Coffee CompanyCost of Production Report-Roasting DepartmentFor the Month Ended July 31

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Description: Cost of Production ReportHana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffebeans are then transferred to the Packing Department. The followi

Inventory in process, July 1 30000 Add: Received from materials storeroom 155000 Total units…

Business

Accounting

1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to the nearest cent.

1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to the nearest cent.

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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