Question

Cost of Production Report The debits to Work in Process --Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, completed "Direct materials (1.200 X 54.5) $5,400 Conversion (1,200 X 60% X 51.8) $1.00 36,696 Coffee beans added during August, 38,000 pounds 169,100 Conversion costs during August Work in process, August 31, 2,000 pounds, os completed Goods finished during August, 37,200 pounds All direct materials are placed in process at the beginning of production 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 cost per equivalent unit for August 3. Cost of goods finished during August 4. Cost of work in process at August 31 If an amount is ere, enter in For the cost per equivalent unit, round your answer to two decinal places Morning Brew Coffee Company Cost of Production Report Roasting Department Units charged to production Inventory in process, Augusti Received from material toreroom Total accounted for by the Roasting Department Units to be assigned costs Faulent Units Direct Materials Conversion Inventory in process, Augusti Started and completed in August erred to finished goods in August Inventory in proces, August 31 T Check My Work 2 more Check My Work uses remaining

Answer 1

Morning Brew Coffee Company Cost of Production Report­- Roasting Department For the Month Ended August 31,
Unit information
Units charged to production:
Inventory in process, August 1	1200
Received from materials storeroom	38000
Total units accounted for by the Roasting Department	39200
Units to be assigned costs:	Equivalent Units
	Whole units	Direct material	Conversion
Inventory in process, August 1	1200	0	480
Started and completed in August 37200-1200	36000	36000	36000
Transferred to finished goods in August	37200	36000	36480
Inventory in process, August 31 2000*60%	2000	2000	1200
Total units to be assigned costs	39200	38000	37680
Cost Information
Costs per equivalent unit:	Direct material	Conversion
Total costs for August in Roasting Department	169100	71592
Total equivalent units	38000	37680
Cost per equivalent unit (2)	4.45	1.90
Costs assigned to production:
	Direct material	Conversion	Total
Inventory in process, August 1			6696
Costs incurred in August 169100+71592			240692
Total costs accounted for by the Roasting Department			247388
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance			6696
To complete inventory in process, August 1 480*1.9	0	912	912
Cost of completed August 1 work in process			7608
Started and completed in August	160200	68400	228600
Transferred to finished goods in August (3)			236208
Inventory in process, August 31 (4)	8900	2280	11180
Total costs assigned by the Roasting Department			247388
	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit (4.5-4.45)	Decrease	0.05
Change in conversion cost per equivalent unit (1.9-1.8)	Increase	0.10