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ork in process, August 1 , 5 0 0 pounds, 3 0 % completed $ 1 , 7 3 0 * * * Direct materials

ork in process, August 1,500 pounds, 30% completed
$1,730**
*Direct materials (500$3.10)
$1,550
Conversion (50030%$1.20)
Coffee beans added during August, 16,000 pounds
48,800
Conversion costs during August
20,527
Work in process, August 31,800 pounds, 30% completed
?
Goods finished during August, 15,700 pounds
?
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 analys answers in the questions below.
Open spreadsheet
a. Prepare a cost of production report, presenting the following computations:
Direct materials and conversion equivalent units of production for August
Direct materials and conversion costs per equivalent unit for August
Cost of goods finished during August
Cost of work in process at August 31
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