Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The debits to Work in Process-Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in

The debits to Work in Process-Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 800 pounds, 60% completed *Direct materials (800 X $4.2) Conversion (800 X 60% X $1.7) $4,176* $3,360 $816 Coffee beans added during August, 25,000 pounds Conversion costs during August Work in process, August 31, 1,300 pounds, 30% completed Goods finished during August, 24,500 pounds All direct materials are placed in process at the beginning of production. $4,176 $103,750 43,938 ? ? 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 box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to two decimal places. Caffer Comman

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

28th Edition

1337902683, 978-1337902687

More Books

Students also viewed these Accounting questions