Cost of Production Report The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Line Item Description Amount Amount Work in process, August 1, 700 pounds, 50% completed $2,695* *Direct materials (700 $3.20) $2,240 Conversion (700 50% $1.30) 455 Total $2,695 Coffee beans added during August, 22,000 pounds 69,300 Conversion costs during August 30,674 Work in process, August 31, 1,100 pounds, 60% 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 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 31 If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to the nearest cent. Morning Brew Coffee Company Cost of Production ReportRoasting Department For the Month Ended August 31 Units Whole Units Equivalent Units Direct Materials (1) Equivalent Units Conversion (1) Units charged to production: Inventory in process, August 1 fill in the blank 1 700 Received from materials storeroom fill in the blank 2 22,000 Total units accounted for by the Roasting Department fill in the blank 3 22,700 Units to be assigned costs: Inventory in process, August 1 fill in the blank 4 700 fill in the blank 5 0 fill in the blank 6 350 Started and completed in August fill in the blank 7 20,900 fill in the blank 8 20,900 fill in the blank 9 20,900 Transferred to finished goods in August fill in the blank 10 21,600 fill in the blank 11 20,900 fill in the blank 12 21,250 Inventory in process, August 31 fill in the blank 13 1,100 fill in the blank 14 1,100 fill in the blank 15 660 Total units to be assigned costs fill in the blank 16 22,700 fill in the blank 17 22,000 fill in the blank 18 21,910 Costs Costs Direct Materials Conversion Total Costs Cost per equivalent unit: Total costs for August in Roasting Department $fill in the blank 19 69,300 $fill in the blank 20 30,674 Total equivalent units fill in the blank 21 22,000 fill in the blank 22 21,910 Cost per equivalent unit (2) $fill in the blank 23 3.15 $fill in the blank 24 1.4 Costs assigned to production: Inventory in process, August 1 $fill in the blank 25 2,695 Costs incurred in August fill in the blank 26 99,974 Total costs accounted for by the Roasting Department $fill in the blank 27 102,669 Costs allocated to completed and partially completed units: Inventory in process, August 1 balance $fill in the blank 28 2,695 To complete inventory in process, August 1 $fill in the blank 29 0 $fill in the blank 30 455 fill in the blank 31 455 Cost of completed August 1 work in process $fill in the blank 32 3,150 Started and completed in August fill in the blank 33 fill in the blank 34 fill in the blank 35 Transferred to finished goods in August (3) $fill in the blank 36 Inventory in process, August 31 (4) fill in the blank 37 fill in the blank 38 fill in the blank 39 Total costs assigned by the Roasting Department $fill in the blank 40 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 two decimal places. Line Item Description Increase or Decrease Amount Change in direct materials cost per equivalent unit Decrease $fill in the blank 42 Change in conversion cost per equivalent unit Increase $fill in the blank 44 Feedback Area