Question
The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process,
The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows:
Work in process, August 1, 400 pounds, 30% completed | $2,148* | |||
*Direct materials (400 X $4.8) | $1,920 | |||
Conversion (400 X 30% X $1.9) | $228 | |||
$2,148 | ||||
Coffee beans added during August, 13,000 pounds | 61,750 | |||
Conversion costs during August | 25,860 | |||
Work in process, August 31, 700 pounds, 50% completed | ? | |||
Goods finished during August, 12,700 pounds | ? |
Question Content Area
All direct materials are placed in process at the beginning of production.
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
If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places.
ALL FOR A PLS WITH EXPLANATION
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