Equivalent Units of Preductan The Converting Department of Toren Company had 600 units in work in process at the beginning of the period, which were 25% complete. During the period, 12,400 units were completed and transferred to the Packing Department. There were 680 units in process at the end of the period, which were 25% complete. Direct matertals are placed into the process at the beginning of production This information has been colected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0" Toren Company Number of Equivalent Units of Production Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending 600 11,800 240 12,400 11,800 11,800 11,800 12,040 Total 680 v 13,080 680 12,480 408 12,456 Cast 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 Work in process, August 1, 1,000 pounds, 30% completed *Direct materials (1,000 $2.90) Conversion (1,000 30% $1.20) Coffee beans added during August, 31,000 pounds Conversion costs during August Work in process, August 31, 1,600 pounds, 60% completed Goods finished during August, 30,400 sounds $3,260* $2,900 360 $3,200 88,350 40,378 All direct materials are placed in process at the beginning of production This information has been collected in the Microsoft Excel Online fie. Open the spreadsheet, perform the required analysis, and input your answers in the questions below Open spreadsheet 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 311 27 an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to the nearest cent Morning Brew Coffee Company Check My Work Previow Units Units charged to production: Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 Whole Units Equivalent Units Equivalent Units Direct Materials (1) Conversion (1) Inventory in process, August 1 Received from materials storeroom Total units accounted for by the Roasting Department 700 x 14,300 x 15,000 x Units to be assigned costs: Inventory in process, August 1 700 X 560 X Started and completed in August 13,900 X 13,900 X 13,900 Transferred to finished goods in August 14,600 X 13,900 X 14,460 Inventory in process, August 311 400 X 168 X Total units to be assigned costs 15,000 x 14,068 X 166 x 14,628 X Costs Cost per equivalent unit: Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs Direct Materials Conversion Total Costs Costs Cost per equivalent unt Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production 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 Started and completed on August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department Costs Direct Materials Conversion 000 000 Total Costs 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. Change in direct materials cost per equivalent unit Check My Work Increase or Decrease Amount here 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 % 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 000 000 b. Compute and evaluate the change il cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your answers to two decimal places. Change in direct materials cost per equivalent unt Change in conversion cost per equivalent unit Increase or Decrease Amount Check My a. How much more (percentage amount) needed to be done to the beginning work in process units to make the units compete to transfer to the nest department? Did these units require more mates or more conversion cost? How much, in terms of cost, had been done to these units in the prior period? In order for units to be transferred to the next department, the units have to be complete with to both materials and conversion. When are materials added in the process? How complete are the units in ending inventory with respect to materials) now complete are the units in ending inventory respect to conversion? Materials and conversion cost needs to be allocated among the equivalent units. Are the numbers of equivalent units the same for materials and conversion? b. Compare the costs per equivalent unit for July and August. The July costs per equivalent unit for materials and conversion are in the August I work in process inventory Check My Work Assignment Score: 37.3% All work saved Cast of Production Report Office 365 The debits to Work in Process-Roasting Department for Morning Brew Coffee Company for August, together with information conceming production, are as follows: Work in process, August 1, 1,000 pounds, 30% completed *Direct materials (3,000-$2.90) Conversion (1,000 30% $1.20) Coffee beans added during August, 31,000 pounds Conversion costs during August Work in process, August 31, 1,600 pounds, 60% completed $3,260* $2,900 360 $3,260 8,350 40,378 Goods finished during August, 30,400 pods All direct materials are placed in process at the beginning of production. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet: 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 the nearest cent. Morning Brew Coffee Company Check My Work Previous 175, EA 17-15 eBook Show Me How If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to the nearest cent. Units Units charged to production Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 Equivalent Units Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: 700 14,300 15,000 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 Costs Cost per equivalent unit Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Check My Work 700 560 13,900 13,900 13,900 14,600 13,900 X 14,460 400 X 160 X 168 15,000 14,068 X 14,628 Office 365 Costs Direct Materials Conversion Total Costs Previou Costs Cost per equivalent unit Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production 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 boventory in process, August 1 balance To complete inventory in process, August 11 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 Direct Materials Conversion Total Costs 000 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 Check My Work Previous Equivalent Units of Production The Converting Department of Toren Company had 600 units in work in process at the beginning of the period, which were 25% complete. During the period, 12,400 units were completed and transferred to the Packing Department. There were 680 units in process at the end of the period, which were 25% complete. Direct materials are placed into the process at the beginning of production This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0" Teren Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units Equivalent Units Equivalent Units Inventory in process, beginning 600 240 X Started and completed 11,800 11,000 11,800 Transferred to Packing Department 12,400 11,800 12,040 Inventory in process, ending Total 680 680 400 13,080 12,480 12,456 Check My W When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to compete the units? now. much has been added to the ants in ending work in process inventory with respect to materials and conversion? Check My Work Next ihan terima