165 ? Cost of Production Report The debits to Work in Process --Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,100 pounds, 10% completed $4,235 "Direct materials (1,100 X $3.7) $4,070 Conversion (1,100 X 10% X $1.5) $4,235 Coffee beans added during August, 34,000 pounds 124,100 Conversion costs during August 53,968 Work in process, August 31, 1,800 pounds, 30% completed Goods finished during August, 33,300 pounds All direct materials are placed in process at the beginning of production, a. Prepare a cost of production report, presenting the following computations: 1. Direct materials and conversion equivalent units of production for August 2. Direct materials and conversion costs per equivalent unit for August 3. Cost of goods finished during August 4. Cost of work in process at August 31. If an amount is zero, enter in "o". For the cost per equivalent unit, round your answer to two decimal places, Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 ? Unit Information Units charged to production: Inventory in process, August 1 Received from materials storeroom 1,100 34,000 35,100 Total units accounted for by the Roasting Department Units to be assigned costs: Whole Units Equivalent Units Direct Conversion Materials (1) (1) 0 110 X 1,100 31,500 x 31,500 X 31,500 X Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs 33,300 1,800 1,800 540 Cost Information Cost per equivalent unit: Direct Conversion Materials 124,100 $ 53,968 Total costs for August in Roasting Department Total equivalent units 34,000 3.65 Cost per equivalent unit (2) Costs assigned to production: Direct Materials Conversion Total Inventory in process, August 1 4,235 Costs incurred in August 178,068 182,303 Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, August 1 balance 4,235 0 To complete inventory in process, August 1 Cost of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Decrease Change in conversion cost per equivalent unit Increase