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 as follows: Work in process, August 1, 500 pounds, 50% completed Direct materials (500 x $2.9) Conversion (500 x 50% x $1.2) Coffee beans added during August, 16,000 pounds $1,750* $1,450 $300 $1,750 $45,600 20,397 ? ? Conversion costs during August Work in process, August 31, 800 pounds, 30% completed Goods finished during August, 15,700 pounds 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 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 Report-Roasting Department Daybreak 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 11 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Tutal units to be assigned costs Costs per equivalent unit Total costs for August in Roasting Department Tatal equivalent units Cast per equivalent unit (2) Costs assigned to production Inventary in process, August 1 Couts incured in August Tutal costs accounted for by the Roasting Department Casts located to completed and partially completed units Whole Units Equivalent Units Direct Materials (1) Conversion (3) Cost Information Direct Conversion Direct Materials Conversion T Previo Inventory in process, August 31 Total units to be assigned costs Costs per equivalent unit Total casts for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Inventory in process, August 1 Costs incurred in August Cost Information Died Materials Conversion Direct Materials Conversion Total Total costs accounted for by the Roasting Department Conta ocated to completed and pertially 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 process, August 33 (4) Tutal costs assigned by the Roasting Department b. Compute and evaluate the change in cost per eaivalent unt for direct materials and convention from the previous month (y). I required, rounit your answers to the nearest cam Change in direct materials cost per equivalent unt Increase or Decreases Amount Change in conversion est per equivalent Cost of Production Report The debits to Work in Process-Roasting Department for Daybreak Brew Coffee Company for August, together with information concering production, w Work in process, August 1, 500 pounds, 50% completed *Direct materials (500 x $2.9) Conversion (500 x 50% x $1.2) Coffee beans added during August, 16,000 pounds $1.750* $1,450 $300 $1,750 $45,600 20,397 Conversion costs during August Work in process, August 31, 800 pounds, 30% completed Goods finished during August, 15,700 pounds 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 box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to two decimal places Coffee Company KSHEETAL... SHEETAL Units charged to production For the cost per equivalent unit, round your answer to two decimal place Oybreak Brew Coffee Company Cnt of Production Reporting De For the Month Endod Augal 11 Ulehemen cerved from materials stariram Tatal units accused for by the Resting Departm Units to be assigned cats Started andmed August The goods in Aug Inventory in process At 11 Cats per un Total este for August in Ruieting Department Total event Cat per alert una Intury in procant, Augat 1 Costs were August Ta tured for by the Rating Department Dr 0 Confermat Oct Convenie D Inventory in process, August 31 Tutal units to be assigned costs Cost Information Costs per equivalent unt Direct Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production Inventory in process, August 1 Costs incurred in August Direct Materials Conversion Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed unita Inventory in process, August 1 balance To complete inventory in process, August 1 Cast of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (hly). If required, round your answers to the nearest cent Change in direct materials cost per equivalent unit Increase or Decrease Amount Change in conversion cost per equivalent unit i 90 The debits to Work in Process-Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 500 pounds, 50% completed *Direct materials (500 x $2.9) $1,750* Conversion (500 X 50% x $1.2) Coffee beans added during August, 16,000 pounds Conversion costs during August Work in process, August 31, 800 pounds, 30% completed Goods finished during August, 15,700 pounds $1,450 $300 $1,750 $45,600 20,397 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 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 Report-Roasting Department Units charged to production: For the Month Ended August 31 Inventory in process, August 1 Received from materials storeroom Unit Information Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs Chapter 20 Homework eBook Cost of Production Report-Roasting Department For the Month Ended August 31 Units charged to production: Inventory in process, August 1 Received from materials storeroom. Unit Information Total units accounted for by the Roasting Department Units to be assigned costs: Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Equivalent Units Whole Units Direct Materials (1) Total units to be assigned costs Cost Information Costs per equivalent unit: Direct Materials Conversion Conversion (1) Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Inventory in process, August 1 Costs incurred in August 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 process, August 31 (4) Total costs assigned by the Roasting Department Direct Materials Conversion Total b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). : Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit Increase or Decrease Amount Check My Work 5 more Check My Work uses remaining.