Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 8.00

Arabica Coffee Company

Arabica Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at March 31, 2008:

ACCOUNT Work in Process—Roasting Department

ACCOUNT NO.

 

 

 

 

Balance

Date

Item

Debit

Credit

Debit

Credit

Mar.

1

Bal., 12,500 units, 60%

 

 

 

 

 

 

completed

 

 

92,500

 

 

31

Direct materials, 215,400 units

1,345,900

 

1,438,400

 

 

31

Direct labor

365,766

 

1,804,166

 

 

31

Factory overhead

284,800

 

2,088,966

 

 

31

Goods finished, 219,700 units

 

?

?

 

 

31

Bal. ? units, 60% completed

 

 

?

 

Instructions

Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process—Roasting Department

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 11:07 PM My Price 8.00

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