Cost of Production Report The debits to Work in Process-Roasting Department for Morning Brew Coffee Company...

Transcribed Image Text:

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, 60% completed "Direct materials (700 x $5) Conversion (700 X 60% x $2) Coffee beans added during August, 22,000 pounds $4,340 $3.500 $840 $4,340 108,900 Conversion costs during August Work in process, August 31, 1,100 pounds, 40% completed Goods finished during August, 21,500 pounds All direct materials are placed in process at the beginning of productice 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 qualent 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 Units charged to production Inventory in process, August 1 For the Month Ended August 31 Received from materials storeroom Veinformat Total units accounted for by the Roasting Department Units to be wasgned costs TOR Equivaled Li Direct Whele Materiale Conversion Units (1) ( 200 Inventory in process ugust Started and completed August transferred to finished goods Dantory in ans, 3 Ouck My Wike Checa y 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, 60% completed "Direct materials (700 x $5) Conversion (700 X 60% x $2) Coffee beans added during August, 22,000 pounds $4,340 $3.500 $840 $4,340 108,900 Conversion costs during August Work in process, August 31, 1,100 pounds, 40% completed Goods finished during August, 21,500 pounds All direct materials are placed in process at the beginning of productice 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 qualent 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 Units charged to production Inventory in process, August 1 For the Month Ended August 31 Received from materials storeroom Veinformat Total units accounted for by the Roasting Department Units to be wasgned costs TOR Equivaled Li Direct Whele Materiale Conversion Units (1) ( 200 Inventory in process ugust Started and completed August transferred to finished goods Dantory in ans, 3 Ouck My Wike Checa y