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Mochaccino Express Coffee Company roasts and packs coffee beans. The process begins by placing coffee...

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Accounting

Mochaccino Express 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 ProcessRoasting Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
July. 1 Bal., 63,000 units, 90% completed 344,295
31 Direct materials, 324,000 units 1,328,400 1,672,695
31 Direct labor 325,200 1,997,895
31 Factory overhead 120,300 2,118,195
31 Goods transferred, 313,000 units ?
31 Bal., ? units, 55% completed ?

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