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, 600 pounds, 30% completed $3,558* *Direct materials (600 X $5.3) $3,180 Conversion (600 X 30% X $2.1) $378 $3,558 Coffee beans added during August, 19,000 pounds 99,750 Conversion costs during August 41,844 Work in process, August 31, 1,000 pounds, 60% completed ? Goods finished during August, 18,600 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 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 is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places. Morning Brew Coffee Company Cost of Production Report-Roasting Department

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 16E: Cost of production report The debits to Work in ProcessRoasting Department for Morning Brew Coffee...
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The debits to Work in Process—Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows:

b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your
answers to the nearest cent.
Increase or Decrease
Amount
Change in direct materials cost per equivalent unit
Change in conversion cost per equivalent unit
Transcribed Image Text:b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your answers to the nearest cent. Increase or Decrease Amount Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit
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, 600 pounds, 30% completed
$3,558*
*Direct materials (600 X $5.3)
$3,180
Conversion (600 X 30% X $2.1)
$378
$3,558
Coffee beans added during August, 19,000 pounds
99,750
Conversion costs during August
41,844
Work in process, August 31, 1,000 pounds, 60% completed
?
Goods finished during August, 18,600 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 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 is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places.
Morning Brew Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended August 31
Transcribed Image Text: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, 600 pounds, 30% completed $3,558* *Direct materials (600 X $5.3) $3,180 Conversion (600 X 30% X $2.1) $378 $3,558 Coffee beans added during August, 19,000 pounds 99,750 Conversion costs during August 41,844 Work in process, August 31, 1,000 pounds, 60% completed ? Goods finished during August, 18,600 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 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 is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places. Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31
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