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, 900 pounds, 40% completed				$4,392*
	*Direct materials (900 X $4.2)	$3,780
	Conversion (900 X 40% X $1.7)	$612
		$4,392
Coffee beans added during August, 28,000 pounds				116,200
Conversion costs during August				49,860
Work in process, August 31, 1,400 pounds, 40% completed				?
Goods finished during August, 27,500 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 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 d533f904f06df85_1
Received from materials storeroom			fill in the blank d533f904f06df85_2
Total units accounted for by the Roasting Department			fill in the blank d533f904f06df85_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials (1)	Conversion (1)
Inventory in process, August 1	fill in the blank d533f904f06df85_4	fill in the blank d533f904f06df85_5	fill in the blank d533f904f06df85_6
Started and completed in August	fill in the blank d533f904f06df85_7	fill in the blank d533f904f06df85_8	fill in the blank d533f904f06df85_9
Transferred to finished goods in August	fill in the blank d533f904f06df85_10	fill in the blank d533f904f06df85_11	fill in the blank d533f904f06df85_12
Inventory in process, August 31	fill in the blank d533f904f06df85_13	fill in the blank d533f904f06df85_14	fill in the blank d533f904f06df85_15
Total units to be assigned costs	fill in the blank d533f904f06df85_16	fill in the blank d533f904f06df85_17	fill in the blank d533f904f06df85_18
Cost Information
Costs per equivalent unit:
		Direct Materials	Conversion
Total costs for August in Roasting Department		$fill in the blank d533f904f06df85_19	$fill in the blank d533f904f06df85_20
Total equivalent units		fill in the blank d533f904f06df85_21	fill in the blank d533f904f06df85_22
Cost per equivalent unit (2)		$fill in the blank d533f904f06df85_23	$fill in the blank d533f904f06df85_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, August 1			$fill in the blank d533f904f06df85_25
Costs incurred in August			fill in the blank d533f904f06df85_26
Total costs accounted for by the Roasting Department			$fill in the blank d533f904f06df85_27
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance			$fill in the blank d533f904f06df85_28
To complete inventory in process, August 1	$fill in the blank d533f904f06df85_29	$fill in the blank d533f904f06df85_30	fill in the blank d533f904f06df85_31
Cost of completed August 1 work in process			$fill in the blank d533f904f06df85_32
Started and completed in August	fill in the blank d533f904f06df85_33	fill in the blank d533f904f06df85_34	fill in the blank d533f904f06df85_35
Transferred to finished goods in August (3)			$fill in the blank d533f904f06df85_36
Inventory in process, August 31 (4)	fill in the blank d533f904f06df85_37	fill in the blank d533f904f06df85_38	fill in the blank d533f904f06df85_39
Total costs assigned by the Roasting Department			$fill in the blank d533f904f06df85_40

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		$fill in the blank 1a6b1b0a200b02b_2
Change in conversion cost per equivalent unit		fill in the blank 1a6b1b0a200b02b_4