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: $ 3,479 Work in process, August 1, 700 pounds, 20% completed *Direct materials (700 X $4.70) Conversion (700 X 20% X $1.35) $3,290 189 $3,479 ? Coffee beans added during August, 14,300 pounds 65,780 Conversion costs during August 21,942 Work in process, August 31, 400 pounds, 42% completed Goods finished during August, 14,600 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 nearest bent. Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August Unit Information Units charged to production: Inventory in process, August Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Lente Direct Inventory in process, August 1 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Total costs for Nugust in Hosting Department Total equivalent units Cost per equivalent unit 23 Costs assigned to production: Direct Materials comer Inventory in process, August Casts incurred in August Total costs accounted for by the Routing Department Costs allocated to completed and partially completed his Inventory in process, August balance To complete inventory process, August Cost of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Hosting 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 two decimal places. Increase or decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit