Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribed

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, 700 pounds, 20% completed "Direct materials (700 x $4.4) Conversion (700 x 20% x $1.8) Coffee beans added during August, 22,000 pounds $3,332 $3,080 252 63,332 95,700 41,810 Conversion costs during August Work In process, August 31, 1,100 pounds, 50% completed Goods finished during August, 21,000 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 conversien costs per equivalent unit for August 3. Cest of goods finished during August 4. Cost of work in process at August 31. If an amount is zero, enter in "a". For the cost per equivalent unit, round your answer to two decimal places. Morning Brew Coffee Company Cost of Production Report Roasting Department Unite charged to production: For the Honth Ended August 31 Inventory in precess, August 1 UnitInformation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Decision Making and Motivating Performance

Authors: Srikant M. Datar, Madhav V. Rajan

1st edition

132816245, 9780132816243, 978-0137024872

More Books

Students also viewed these Accounting questions