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, 600 pounds, 10% completed$2,622**Direct materials (600 X $4.2)$2,520Conversion (600 X 10% X $1.7)$102$2,622Coffee beans added during August, 19,000 pounds78,850Conversion costs during August33,912Work in process, August 31, 1,000 pounds, 30% completed?Goods finished during August, 18,600 pounds?

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

a. cost of production report, presenting the following computations:

1. Direct materials and conversionequivalent units of productionfor August
2. Direct materials and conversioncosts per equivalent unitfor 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 CompanyCost of Production Report-Roasting DepartmentFor the Month Ended August 31Unit InformationUnits charged to production:Inventory in process, August 1Received from materials storeroomTotal units accounted for by the Roasting DepartmentUnits to be assigned costs:Equivalent UnitsWhole UnitsDirect Materials (1)Conversion (1)Inventory in process, August 1Started and completed in AugustTransferred to finished goods in AugustInventory in process, August 31Total units to be assigned costsCost InformationCosts per equivalent unit:Direct MaterialsConversionTotal costs for August in Roasting Department$$Total equivalent unitsCost per equivalent unit (2)$$Costs assigned to production:Direct MaterialsConversionTotalInventory in process, August 1$Costs incurred in AugustTotal costs accounted for by the Roasting Department$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$Started and completed in AugustTransferred to finished goods in August (3)$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 (July). If required, round your answers to the nearest cent.

Increase or DecreaseAmountChange in direct materials cost per equivalent unit

$Change in conversion cost per equivalent unit

o OneLogin X I o DneLo-gln X ':-' CengageNG'." X i: Cengage Lear X I Sign In ruCerl X I m Linkedin Learr X I il Learning Man X I u Homework H5 X I + 7 X ( 9 c e v2.cengagenow.comfiirnjtakeAssignmentftakeAssignrnentMain.do?invoker:BitakeAssignmentSessionLocator:&inprogress:fa|se 'k E g 51 e 20-3 Exercises 15 Problems eBoDk 33mm.\" I F; Cost of Production Report The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for august, together with infomation concerning production, are as follows: Work in process, august 1, 600 pounds, 10% completed $2,622' 'Direct materials (600 X $4.2] $2,520 Conversion {600 X10% X1517] $102 $2,622 Coffee beans added during August, 19,000 pounds 78,850 Conversion costs during August 33,912 Work in process, august 31, 1,000 pounds, 30% completed 7' Goods nished during August, 18,600 pounds 7' 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 Costof Production Report-Roasting Department For the Month Ended August 31 r. Chad: MyWork 2 more Check My Work uses remaining. ( Previous Next ) 9 Type here to search Morning Brew Coffee Company Cost of Production Report-Roasting Department For The Month Frickal Angied 31 Unit Information Unily chiurged to production: Inventory in process, August 1 Received from materialy alon croom lotal units accounted for by the Roasting Department I Inits to ha haalgned rosta: Lquivalent Units Whole Direct Units Materials Conversion (1) (1) Inventory in process, August 1 Started and completed In August Translerred to linished goods in August Inventory in process, August J1 Tolal unite to be designed coylyOneLogin X 1 OneLogin X CengageNOW X Cengage Learr x 4 Sign In -uCerti x in LinkedIn Learn x ] Learning Mana X Homework He X + X v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 20-3 Exercises & Problems eBook Calculator Cost Thrormation Costs per equivalent unit: Direct ? Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Direct Materials Conversion Total 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 0 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 10100 0 Check My Work 2 more Check My Work uses remaining. Previous Next > Type here to search O Eli W 9:05 AM 5/24/2020