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, 800 pounds, 10% completed				$3,868*
	*Direct materials (800 $4.70)	$3,760
	Conversion (800 10% $1.35)	108
		$3,868
Coffee beans added during August, 16,343 pounds				74,361
Conversion costs during August				26,049
Work in process, August 31, 443 pounds, 42% completed				?
Goods finished during August, 16,700 pounds				?

All direct materials are placed in process at the beginning of production.

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

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 "0". Round the answers in units to the nearest whole number, the answer for the cost per equivalent unit to the nearest cent, and the other monetary answers to the nearest whole dollar.

Morning Brew Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended August 31
UNITS			Equivalent Units
	Whole Units		Direct Materials (1)		Conversion (1)
Units charged to production:
Inventory in process, August 1		fill in the blank
Received from materials storeroom		fill in the blank
Total units accounted for by the Roasting Department		fill in the blank
Units to be assigned costs:
Inventory in process, August 1		fill in the blank		fill in the blank		fill in the blank
Started and completed in August		fill in the blank		fill in the blank		fill in the blank
Transferred to finished goods in August		fill in the blank		fill in the blank		fill in the blank
Inventory in process, August 31		fill in the blank		fill in the blank		fill in the blank
Total units to be assigned costs		fill in the blank		fill in the blank		fill in the blank
COSTS	Costs
	Direct Materials		Conversion		Total
Costs per equivalent unit:
Total costs for August in Roasting Department	$	fill in the blank	$	fill in the blank
Total equivalent units		fill in the blank		fill in the blank
Cost per equivalent unit (2)	$	fill in the blank	$	fill in the blank
Costs assigned to production:
Inventory in process, August 1					$	fill in the blank
Costs incurred in August						fill in the blank
Total costs accounted for by the Roasting Department					$	fill in the blank
Costs allocated to completed and partially completed units:
Inventory in process, August 1balance					$	fill in the blank
To complete inventory in process, August 1	$	fill in the blank	$	fill in the blank		fill in the blank
Cost of completed August 1 work in process					$	fill in the blank
Started and completed in August		fill in the blank		fill in the blank		fill in the blank
Transferred to finished goods in August (3)					$	fill in the blank
Inventory in process, August 31 (4)		fill in the blank		fill in the blank		fill in the blank
Total costs assigned by the Roasting Department					$	fill in the blank

Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). Round your answers to the nearest cent.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit	DecreaseIncrease	$	fill in the blank
Change in conversion cost per equivalent unit	DecreaseIncrease	$	fill in the blank