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 $3,306" Direct materials (600 X $5.30) $3,180 Conversion (600 X 10% X $2.10) 126 $3,306 Coffee beans added during August, 19,000 pounds 99,750 Conversion costs during August 41,668 Work in process, August 31, 1,000 pounds, 40% completed 2 Goods finished during August, 18,600 pounds 7 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 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 1 600 19.000 Receved from materials storeroom 19,600 Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent Units Direct Conversion whole Units Materials 01 eBook Calculator Equivalent Units Direct Conversion Materials (1) (1) Whole Units 600 540 Inventory in process, August 1 Started and completed in August Transferred to finished goods in August 18,000 18.000 18,000 18,600 18,000 18,540 Inventory in process, August 31 1.000 1.000 Total units to be assigned costs 19,600 19.000 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department 99.750 41.668 Total equivalent units 19.000 5.25 Cost per equivalent unit (2) Costs assigned to production: Direct Materials Conversion Total 3.306 Inventory in process, August 1 141.418 Costs incurred in August 144.724 3.305 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 nocess. Aunust 31 (4) 94,500 5.250 Check My Work 1 more Check My Work uses remaining All work saved. 3305 Inventory in process, Augusto Balance To complete inventory in process, August 1 Cost of completed August I work in process 94,500 Started and completed in August X Transferred to finished goods in August (3) 5.250 Inventory in process, August 31 (4) Total costs assigned by the Roasting Department Feedback Y Check My Work a How much more (percentage amount) needed to be done to the beginning work in process units to make the units complete to transfer to the next done to these units in the prior period? In order for units to be transferred to the next department, the units have to be complete with respect to both m respect to materials? How complete are the units in ending inventory with respect to conversion? Materials and conversion cost needs to be allocated b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If rec Increase or Decrease Amount Change in direct materials cost per equivalent unit Decrease 0.05 Change in conversion cost per equivalent unit Increase 0.07 X
