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				$4,080*
	*Direct materials (800 X $4.90)	$3,920
	Conversion (800 X 10% X $2.00)	160
		$4,080
Coffee beans added during August, 25,000 pounds				121,250
Conversion costs during August				52,647
Work in process, August 31, 1,300 pounds, 50% completed				?
Goods finished during August, 24,500 pounds				?

Question Content Area

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
Cost of Production Report-Roasting Department
For the Month Ended August 31
Unit Information
Units charged to production:
Inventory in process, August 1			fill in the blank 090b4d0cc038fbd_1
Received from materials storeroom			fill in the blank 090b4d0cc038fbd_2
Total units accounted for by the Roasting Department			fill in the blank 090b4d0cc038fbd_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials (1)	Conversion (1)
Inventory in process, August 1	fill in the blank 090b4d0cc038fbd_4	fill in the blank 090b4d0cc038fbd_5	fill in the blank 090b4d0cc038fbd_6
Started and completed in August	fill in the blank 090b4d0cc038fbd_7	fill in the blank 090b4d0cc038fbd_8	fill in the blank 090b4d0cc038fbd_9
Transferred to finished goods in August	fill in the blank 090b4d0cc038fbd_10	fill in the blank 090b4d0cc038fbd_11	fill in the blank 090b4d0cc038fbd_12
Inventory in process, August 31	fill in the blank 090b4d0cc038fbd_13	fill in the blank 090b4d0cc038fbd_14	fill in the blank 090b4d0cc038fbd_15
Total units to be assigned costs	fill in the blank 090b4d0cc038fbd_16	fill in the blank 090b4d0cc038fbd_17	fill in the blank 090b4d0cc038fbd_18
Cost Information
Cost per equivalent unit:
		Direct Materials	Conversion
Total costs for August in Roasting Department		$fill in the blank 090b4d0cc038fbd_19	$fill in the blank 090b4d0cc038fbd_20
Total equivalent units		fill in the blank 090b4d0cc038fbd_21	fill in the blank 090b4d0cc038fbd_22
Cost per equivalent unit (2)		$fill in the blank 090b4d0cc038fbd_23	$fill in the blank 090b4d0cc038fbd_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, August 1			$fill in the blank 090b4d0cc038fbd_25
Costs incurred in August			fill in the blank 090b4d0cc038fbd_26
Total costs accounted for by the Roasting Department			$fill in the blank 090b4d0cc038fbd_27
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance			$fill in the blank 090b4d0cc038fbd_28
To complete inventory in process, August 1	$fill in the blank 090b4d0cc038fbd_29	$fill in the blank 090b4d0cc038fbd_30	fill in the blank 090b4d0cc038fbd_31
Cost of completed August 1 work in process			$fill in the blank 090b4d0cc038fbd_32
Started and completed in August	fill in the blank 090b4d0cc038fbd_33	fill in the blank 090b4d0cc038fbd_34	fill in the blank 090b4d0cc038fbd_35
Transferred to finished goods in August (3)			$fill in the blank 090b4d0cc038fbd_36
Inventory in process, August 31 (4)	fill in the blank 090b4d0cc038fbd_37	fill in the blank 090b4d0cc038fbd_38	fill in the blank 090b4d0cc038fbd_39
Total costs assigned by the Roasting Department			$fill in the blank 090b4d0cc038fbd_40

Question Content Area

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 Decrease	Amount
Change in direct materials cost per equivalent unit	IncreaseDecrease	$fill in the blank 1b73bcfb0fc8fb3_2
Change in conversion cost per equivalent unit	IncreaseDecrease	$fill in the blank 1b73bcfb0fc8fb3_4