Hana 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
July1Bal., 4,600 units, 4/5 completed 11,408
31 Direct materials, 207,000 units 434,700 446,108
31 Direct labor 82,800 528,908
31 Factory overhead 20,700 549,608
31 Goods transferred, 207,000 units ?
31 Bal., ? units, 4/5 completed ?
Required:
Prepare a cost of production report, and identify the missing amounts for Work in Process—Roasting Department.

Hana Coffee Company

Cost of production report:

Total cost of production $549,608

Equivalent units (207,000 + 3,680) = 210,680

Cost per equivalent unit = $2.6087 ($549,608/210,680)

Cost assigned to

Units transferred out = $540,001 (207,000 * $2.6087)

Units in ending work in process = $9,607 (549,608 -540,001)

Explanation:

a) Data and Calculations:

Work in Process—Roasting Department ACCOUNT NO.

Date Item                                                   Debit         Credit      Balance  

July 1 Bal., 4,600 units, 4/5 completed $ 11,408

31 Direct materials, 207,000 units       434,700                      446,108

31 Direct labor                                         82,800                     528,908

31 Factory overhead                               20,700                     549,608

31 Goods transferred, 207,000 units                          540,001

31 Bal.,  4,600 units, 4/5 completed                                9,607

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