96 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, 600 pounds, 10% completed $2,436 Direct materials (600 X $3.90) $2,340 Conversion (600 X 10% X $1.60) $2,436 Coffee beans added during August, 19,000 pounds 73,150 Conversion costs during August 32,368 Work in process, August 31, 1,000 pounds, 50% completed Goods finished during August, 18,600 pounds 2 2 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 96 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, 600 pounds, 10% completed $2,436 Direct materials (600 X $3.90) $2,340 Conversion (600 X 10% X $1.60) $2,436 Coffee beans added during August, 19,000 pounds 73,150 Conversion costs during August 32,368 Work in process, August 31, 1,000 pounds, 50% completed Goods finished during August, 18,600 pounds 2 2 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