3.12

The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows:

Work in process, August 1, 700 pounds, 20% completed $3,479*

*Direct materials (700 $4.70) $3,290

Conversion (700 20% $1.35) 189

$3,479

Coffee beans added during August, 14,300 pounds 64,350

Conversion costs during August 21,942

Work in process, August 31, 400 pounds, 42% completed ?

Goods finished during August, 14,600 pounds ?

All direct materials are placed in process at the beginning of production.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

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, 700 pounds, 20% completed $3,479 Direct materials (700 X $4.70) $3,290 Conversion (700 20% * $1.35) 189 $3,479 Coffee beans added during August 14,300 pounds 64,350 Conversion costs during August 21.942 Work in process, August 31, 400 pounds, 42% completed 7 Goods finished during August 14,600 pounds All direct materials are placed in process at the beginning of production This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open sorodhet a. Prepare a cost of production report, presenting the following computations 1. Direct materials and conversion equivalent to 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"0". Round the answers in units to the nearest whole number, the answer for the cost per equivalent unit to the nearest cont, and the other monetary answers to the nearest whole dollar Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 Equivalent Units Direct Whole Materials Conversion UNITS Units (1) (1) Units charged to production: Inventory in process, August 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: 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 Costs COSTS Materials Conversion Total Costs per equivalent unit: Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Inventory in process, August 1 Costs incurred in August Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, August 1-balance 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). Round your answers to the nearest cent. b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). Round your answers to the nearest cent. Amount Increase or Decrease Change in direct materials cost per equivalent unit Decrease Change in conversion cost per equivalent unit Increase