Question:
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:
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ACCOUNT Work in Process-Roasting Department
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ACCOUNT NO.
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Balance
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Date
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Item
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Debit
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Credit
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Debit
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Credit
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Mar.
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1
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Bal., 12,500 units, 60%
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|
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completed
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92,500
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|
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31
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Direct materials, 215,400 units
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1,345,900
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1,438,400
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|
|
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31
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Direct labor
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365,766
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1,804,166
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|
|
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31
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Factory overhead
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284,800
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2,088,966
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|
|
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31
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Goods finished, 219,700 units
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|
?
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?
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|
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31
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Bal. ? units, 60% completed
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|
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?
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Instructions
Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process-Roasting Department.