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Cost of Production Report The debits to Work in Process Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are
Cost of Production Report
The debits to Work in ProcessRoasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows:
Work in process, August pounds, completed $
Direct materials X $ $
Conversion X X $ $
$
Coffee beans added during August, pounds $
Conversion costs during August
Work in process, August pounds, completed
Goods finished during August, pounds
Question Content Area
All direct materials are placed in process at the beginning of production.
a Prepare a cost of production report, presenting the following computations:
Direct materials and conversion equivalent units of production for August
Direct materials and conversion costs per equivalent unit for August
Cost of goods finished during August
Cost of work in process at August
If an amount box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to two decimal places.
Daybreak Brew Coffee Company
Cost of Production ReportRoasting Department
For the Month Ended August
Unit Information Units charged to production: Number of Units
Inventory in process, August
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Received from materials storeroom
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Total units accounted for by the Roasting Department
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Units to be assigned costs: Equivalent Units
Whole
Units Direct
Materials
Conversion
Inventory in process, August
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fill in the blank fdfc
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Started and completed in August
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fill in the blank fdfc
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Transferred to finished goods in August
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fill in the blank fdfc
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Inventory in process, August
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fill in the blank fdfc
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Total units to be assigned costs
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Cost Information Costs per equivalent unit: Direct
Materials
Conversion
Total costs for August in Roasting Department $
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$
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Total equivalent units
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Cost per equivalent unit $
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$
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Costs assigned to production:
Direct Materials Conversion Total
Inventory in process, August $
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Costs incurred in August
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Total costs accounted for by the Roasting Department $
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Costs allocated to completed and partially completed units:
Inventory in process, August balance $
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To complete inventory in process, August $
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$
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Cost of completed August work in process $
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Started and completed in August
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fill in the blank fdfc
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Transferred to finished goods in August $
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Inventory in process, August
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fill in the blank fdfc
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Total costs assigned by the Roasting Department $
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Question Content Area
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
$
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Change in conversion cost per equivalent unit
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