Valdez Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the
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Instructions
Prepare a cost of production report, using the average cost method, and identify the missing amounts for the Work in ProcessRoasting Departmentaccount.
Transcribed Image Text:
ACCOUNT Work in Process-Roasting Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit Mar Bal., 13,800 units, 80% completed 31 Direct materials, 258,000 units 1,444,800 31 Direct labor 31 Factory overhead 31 Goods finished, 260,500 units 31 1 Bal. units, 20% completed 114,600 1,559,400 1,894,400 2,456,806 335,000 562,406
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VALDEZ COFFEE COMPANY Cost of Production ReportRoasting Department For the Month Ended March 31 2006 ...View the full answer
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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