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, 500 pounds, 30% completed			$2,498*
	*Direct materials (500 $4.60)	$2,300
	Conversion (500 30% $1.32)	198
	$2,498
Coffee beans added during August, 10,214 pounds			45,963
Conversion costs during August			14,742
Work in process, August 31, 314 pounds, 42% completed			?
Goods finished during August, 10,400 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 analysis, and input your answers in the questions below.

Open spreadsheet

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

Morning Brew Coffee Company Cost of Production ReportRoasting 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 1 500 V Received from materials storeroom 10,214 V Total units accounted for by the Roasting Department \"L714 V. Units to be assigned costs: Inventory in process, August 1 500 V 0 V 400 X Started and completed in August 9,900 V 9,900 V 9,900 V "ransferred to nished goods in August 10,400 V 9,900 V 10,300 X Inventory in process, August 31 314 V 314 V 132 V "otal units to be assigned costs \"L714 V. \"1:214 V. 101432 X Costs Direct COSTS Materials Conversion Total Direct COSTS Materials Conversion Total Costs per equivalent unit: Total costs for August in Roasting Department 45,963 $ 14,742 Total equivalent units 10,214 10,432 X Cost per equivalent unit (2) $ 4.50 $ 1.41 X Costs assigned to production: Inventory in process, August 1 $ 2,498 Costs incurred in August 60,705 Total costs accounted for by the Roasting Department 63,203 Costs allocated to completed and partially completed units: Inventory in process, August 1-balance $ 2,498 To complete inventory in process, August 1 0 V $ 565 X 565 X Cost of completed August 1 work in process 3,063 X Started and completed in August 44,550 13,990 X 58,540 X Transferred to finished goods in August (3) 61,604 X Inventory in process, August 31 (4) 1,413 186 X 1,599 X Total costs assigned by the Roasting Department 63,203