Cost of Production ReportThe 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 $1,1,100$ pounds, $50\%$ completed$$$$6,985**$Direct materials $(1,100$ X $$5\mathrm{.}30)$$$5,830$Conversion $(1,100$ X $50\%$ X $$2\mathrm{.}10)1,155$$$6,985$Coffee beans added during August, $34,000$ pounds$178,500$Conversion costs during August$74,426$Work in process, August $31,1,800$ pounds, $60\%$ completed$?$Goods finished during August, $33,300$ pounds$?$Question Content AreaAll 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 $1$

Received from materials storeroom

Total units accounted for by the Roasting Department

Units to be assigned costs:

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 per equivalent unit:

Total costs for August in Roasting Department

Total equivalent units

Cost per equivalent unit $(2)$

Costs assigned to production:

Direct Materials

Direct Materials

Conversion

Total

Inventory in process, August $1$

Costs incurred in August

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 August

Transferred to finished goods In August $(3)$

Inventory in process, August $31(4)$

Total costs assigned by the Roasting Department