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:

Work in process, August 1, 1,200 pounds, 50% completed			$3,600*
	*Direct materials (1,200 X $2.50)	$3,000
	Conversion (1,200 X 50% X $1.00)	600
	$3,600
Coffee beans added during August, 38,000 pounds			93,100
Conversion costs during August			41,360
Work in process, August 31, 2,000 pounds, 50% completed			?
Goods finished during August, 37,200 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:

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 "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

Units charged to production:	Number of Units
Inventory in process, August 1	fill in the blank 04023b073fdf02e_1
Received from materials storeroom	fill in the blank 04023b073fdf02e_2
Total units accounted for by the Roasting Department	fill in the blank 04023b073fdf02e_3

Units to be assigned costs:	Equivalent Units
	Whole Units	Direct Materials (1)	Conversion (1)
Inventory in process, August 1	fill in the blank 04023b073fdf02e_4	fill in the blank 04023b073fdf02e_5	fill in the blank 04023b073fdf02e_6
Started and completed in August	fill in the blank 04023b073fdf02e_7	fill in the blank 04023b073fdf02e_8	fill in the blank 04023b073fdf02e_9
Transferred to finished goods in August	fill in the blank 04023b073fdf02e_10	fill in the blank 04023b073fdf02e_11	fill in the blank 04023b073fdf02e_12
Inventory in process, August 31	fill in the blank 04023b073fdf02e_13	fill in the blank 04023b073fdf02e_14	fill in the blank 04023b073fdf02e_15
Total units to be assigned costs	fill in the blank 04023b073fdf02e_16	fill in the blank 04023b073fdf02e_17	fill in the blank 04023b073fdf02e_18

Cost per equivalent unit:	Direct Materials	Conversion
Total costs for August in Roasting Department	$fill in the blank 04023b073fdf02e_19	$fill in the blank 04023b073fdf02e_20
Total equivalent units	fill in the blank 04023b073fdf02e_21	fill in the blank 04023b073fdf02e_22
Cost per equivalent unit (2)	$fill in the blank 04023b073fdf02e_23	$fill in the blank 04023b073fdf02e_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, August 1			$fill in the blank 04023b073fdf02e_25
Costs incurred in August			fill in the blank 04023b073fdf02e_26
Total costs accounted for by the Roasting Department			$fill in the blank 04023b073fdf02e_27
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance			$fill in the blank 04023b073fdf02e_28
To complete inventory in process, August 1	$fill in the blank 04023b073fdf02e_29	$fill in the blank 04023b073fdf02e_30	fill in the blank 04023b073fdf02e_31
Cost of completed August 1 work in process			$fill in the blank 04023b073fdf02e_32
Started and completed in August	fill in the blank 04023b073fdf02e_33	fill in the blank 04023b073fdf02e_34	fill in the blank 04023b073fdf02e_35
Transferred to finished goods in August (3)			$fill in the blank 04023b073fdf02e_36
Inventory in process, August 31 (4)	fill in the blank 04023b073fdf02e_37	fill in the blank 04023b073fdf02e_38	fill in the blank 04023b073fdf02e_39
Total costs assigned by the Roasting Department			$fill in the blank 04023b073fdf02e_40

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	IncreaseDecrease	$fill in the blank cc1a340df036fe1_2
Change in conversion cost per equivalent unit