Fresh Mountain 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 March 31, 2016:
Date Item DEB. CRED. DEB, CRED. Balance
31 Bal., 1,500 units, 30% completed 6150
31 Direct materials, 22,300 units 86,970 3120
31 Direct labor 11900 105,020
31 Factory overhead 5,772 110,792
31 Goods transferred, 21,700 units ?
31 Bal., ? units, 40% completed Debit
1. Prepare a cost of production report, and identify the missing amounts for Work in Proces —Roasting Department.
2. Assuming that the March 1 work in process inventory includes $5,700 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March.
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- Submitted On 16 Jun, 2017 06:08:20