ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balanen Date Item Debit Credit Debit Credit Mar. 1 Bal.. 7,200 units, 2/3 completed 13,920 31 Direct materials, 129,600 units 194,100 208,320 31 Direct labor 57,680 266,000 31 Factory overhead 32,452 298,452 31 Goods finished, 131,400 units 288,840 9,612 31 Bal.2 units, 2/5 completed 9,612 a. Based on the above data, determine cach cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during March 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March? Check My Work 2 more Check My Work uses remaining Previous Next > 5504 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, 40% completed $3,584 Direct materials (700 X $4.4) $3,080 Conversion (700 X 40% X $1.8) $3,584 Coffee beans added during August, 22,000 pounds 95,700 Conversion costs during August 41.971 Work in process, August 31, 2,100 pounds, 70% completed > Goods finished during August, 21,600 pounds All direct materials are placed in process at the beginning of production. a. Prepare a cost of production report, presenting the following computation: 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 It an amount is zero, enter in "0", 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 Check My Work 2 more Che My Wont ses remain Previous Next 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 Total units accounted for by the Roasting Department Units to be assigned costs: Whole Units Equivalent Units Direct Materials Conversion (1) (1) 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 Cost Information Chademarle Winninn Previous Nes Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Direct Materials Conversion Total 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) Check My Work 2 more Check My Workust romaining Previous NE Materiais Conversion 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 (ul), if required, roun your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Check My Wok 2 ore Cho My Work uses remaining Previous