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Please help!!! Im so lost Cost of Production Report For the Month Ended August 31 The debits to Work in Process-Roasting Department for Morning Brew
Please help!!! Im so lost
Cost of Production Report For the Month Ended August 31 The debits to Work in Process-Roasting Department for Morning Brew Coffee Company for August, together with inf Units charged to production: work in process, August 1, 800 pounds, 60% $2,896 Inventory in process, August 1 completed Recelved from materials storeroom Direct materials (BO0 X $2.9) $2,320 Total units accounted for by the Roasting Department Conversion ( 300 X 0% X $1.2) $576 Units to be assigned costs: $2,896 Equivalent Units Coffee beans added during August, 25,000 Whole Direct Units 71,250 pounds Materials Conversion Convers on costs during August 31,733 Inventory in process, August 1 Work in process, August 31, 1,300 pounds, 30% completed Started and completed in August Transferred to finished goods in August Goods finished during August, 24,500 pounds Inventory in process, August 31 All direct materials are placed in process at the beginning of production. Total units to be assigned costs a. Prepare a cost of production report, presenting the following computations Cost Information 1. Direct materials and conversion equivalent units of 2. Direct materials and conversion costs per 3. Cost of goods finished during 4. Cost of work in process at for August unit for August Costs per equivalent unit: Direct 31 Materials Conversion If an amount is zero, enter in '0". For the cost per equivalent unit, round your answer to two decimal places. Total costs for August in Roasting Department Morning Brew Coffee Company Cost of Production Report-Roasting Department Total equivalent units Cost per equlvaent unit (2) For the Month Ended 31 Costs assigned to production: Direct Total Units charged to production: Inventory in process, August 1 Inventory in process, August 1 Receved from materials storeroom Costs incured in August Total units accounted for by the Roasting Department Total costs accounted for by the Roasting Department Units to be assigned costs: Costs allocated to completed and partially completed units: Equivalent Units Inventory in process, August 1 balance To complete inventory in process, August 1 Units Cost of completed August 1 work in process Inventory in process, August 1 Started and completed in August Started and completed in August Transferred to finished goods in August (3) Transferred to finished goods in August Inventory in process, August 31 (4) Inventory in process, August 31 Total costs assigned by the Roasting Department Total units to be assigned costs b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the Costs per equivalent unit Direct Materials Conversion t materials cost per equivalent unit Total costs for August in Raasting Departrment Change in conversion cost per equivalent unit Total equivalent unitsStep by Step Solution
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