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ic Grounds produces two brands of coffee: Star and Bucks. The two coffees are produced in one factory using the same production process. The only
ic Grounds produces two brands of coffee: Star and Bucks. The two coffees are produced in one factory using the same production process. The only difference between the two coffees is the cost of the unroasted coffee beans. The following data are available for February: Star Bucks Total 5.000 20.000 Number of pounds of cotfee produced Cost of unroasted beans and packaging per pound Other costs 25,000 Direct labor Indirect materials Other overhead S 50,000 15,000 100,000 Required Organic Grounds uses operations costing and assigns conversion costs based on the number of pounds of coffee produced. Compute the cost unit of each brand of coffee produced in February. (Do not round intermediate calculations. Round "Cost per pound" to 2 decimal places.) Star Conversion cost Materials cost Total cost Number of pounds Cost per pound
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