need help with manageral accounting asap please.
o NOW2 Online teachix + Assignment/takeAssignmentMain doinvokere takeAssignmentSessionLocator = cuin progress-false 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 Work in process, August 1. 900 pounds, 209 completed Direct materials (900 x 5470) 54,230 Conversion (900 x 20% X 51.25) 243 $4,472 Coffee beans added during August 10,36 pounds 34.575 Conversion costs during August 27,295 Work in process, August 31, 406 pounds, 42% completed Goods shed during August 18,800 pounds A direct masse placed in process at the beginning of production This information has been collected in the Microsoft Excel Online Open the spreadsheet perform the required and out you war in the destions below. Operadsheet Pret of production raport presenting thing to U NOWV2 Online Teachi X Assignment/takeAssigrimentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false 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 "o". Round the answers in units to the nearest whole number, the answer for the cost per equiva the nearest cent, and the other monetary answers to the nearest whole dollar Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 Equivalent Units Direct Whole Materials Conversion UNITS Units (1) (1) Units charged to production Inventory in process, August 1 Received from materials toreroom Total units counted for by the Roasting Department Units to be assigned costs Inventory in process. August Started and completed in August Transferred to the goods in August M D NOW2 Online teachix + Assignment/takeAssignment Main do?invokeru&takeAssignmentSessionLocator-&inprogress-false Inventory in process, August 31 Total units to be assigned costs Costs Direct Materials Conversion Total COSTS Costs 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: 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 DOO Mu D NV2 Online teachinx agnment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false 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 b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous monti your answers to the nearest cent. Amount Increase or Decrease Change in direct materials cost per equivalent unit Decreases Change in conversion cost per equivalent unit Increase Feedback They W 2. How much more (percentage amount) needed to be done to the beginning work in process units to make the unit to transfer to the next department? Did these units require more material cost or more conversion cost? How much cost, had been done to these units in the prior period? In order for units to be transferred to the next department, the have to be complete with respect to both materials and conversion. When are materials added are the unitsin ending inventory with respect to materials? How compete are the unitsin ending inventory that conversion Materials and conversion cost needs to be allocated among the equivalent units Are the number of a units the same for materials and conversion b. Compare the costs per equivalent unit for July and August. The July costs per equivalent unit formater in the August 1 work in process inventory MW o NOW2 Online teachix + Assignment/takeAssignmentMain doinvokere takeAssignmentSessionLocator = cuin progress-false 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 Work in process, August 1. 900 pounds, 209 completed Direct materials (900 x 5470) 54,230 Conversion (900 x 20% X 51.25) 243 $4,472 Coffee beans added during August 10,36 pounds 34.575 Conversion costs during August 27,295 Work in process, August 31, 406 pounds, 42% completed Goods shed during August 18,800 pounds A direct masse placed in process at the beginning of production This information has been collected in the Microsoft Excel Online Open the spreadsheet perform the required and out you war in the destions below. Operadsheet Pret of production raport presenting thing to U NOWV2 Online Teachi X Assignment/takeAssigrimentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false 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 "o". Round the answers in units to the nearest whole number, the answer for the cost per equiva the nearest cent, and the other monetary answers to the nearest whole dollar Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 Equivalent Units Direct Whole Materials Conversion UNITS Units (1) (1) Units charged to production Inventory in process, August 1 Received from materials toreroom Total units counted for by the Roasting Department Units to be assigned costs Inventory in process. August Started and completed in August Transferred to the goods in August M D NOW2 Online teachix + Assignment/takeAssignment Main do?invokeru&takeAssignmentSessionLocator-&inprogress-false Inventory in process, August 31 Total units to be assigned costs Costs Direct Materials Conversion Total COSTS Costs 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: 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 DOO Mu D NV2 Online teachinx agnment/takeAssignmentMain.do?invokera&takeAssignmentSessionLocator=&inprogress=false 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 b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous monti your answers to the nearest cent. Amount Increase or Decrease Change in direct materials cost per equivalent unit Decreases Change in conversion cost per equivalent unit Increase Feedback They W 2. How much more (percentage amount) needed to be done to the beginning work in process units to make the unit to transfer to the next department? Did these units require more material cost or more conversion cost? How much cost, had been done to these units in the prior period? In order for units to be transferred to the next department, the have to be complete with respect to both materials and conversion. When are materials added are the unitsin ending inventory with respect to materials? How compete are the unitsin ending inventory that conversion Materials and conversion cost needs to be allocated among the equivalent units Are the number of a units the same for materials and conversion b. Compare the costs per equivalent unit for July and August. The July costs per equivalent unit formater in the August 1 work in process inventory MW
