2. Assuming that the March 1 work in process inventory includes $11,520 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and March. If required, round your answers to two decimal places. Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Increase or Decrease Increase Decrease Amount Costs Cost per equivalent unit: Total costs for March in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, March 1 Costs incurred in March Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, March 1 balance To complete inventory in process, March 1 Cost of completed March 1 work in process Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total costs assigned by the Roasting Department Costs Direct Materials Conversion Total 1. Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to the nearest cent. Lui Coffee Company Cost of Production Report-Roasting Department For the Month Ended March 31 Units Units charged to production: Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Inventory in process, March 1 7,200 Received from materials storeroom 324,000 Total units accounted for by the Roasting 331,200 Department Units to be assigned costs: Inventory in process, March 1 Started and completed in March Transferred to Packing Department in March Inventory in process, March 31 Total units to be assigned costs Cost of Production Report Lui 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: ACCOUNT Work in Process-Roasting Department _ACCOUNT NO. Date Item Debit Credit Debit Balance Balance Credit March 1 Bal., 7,200 units, 2/5 completed 12,960 31 Direct materials, 324,000 units 550,800 563,760 31 Direct labor 103,500 667,260 31 Factory overhead 25,844 693,104 ? 31 Goods transferred, 325,000 units 31 Bal., ? units, 1/5 completed ?