he 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, 900 pounds, 20% completed     $4,473*   *Direct materials (900 × $4.70) $4,230       Conversion (900 × 20% × $1.35) 243       $4,473     Coffee beans added during August, 18,386 pounds     83,656 Conversion costs during August     28,236 Work in process, August 31, 486 pounds, 42% completed         ? Goods finished during August, 18,800 pounds         ?   All direct materials are placed in process at the beginning of production.     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 "0". Round the answers in units to the nearest whole number, the answer for the cost per equivalent unit to the nearest cent, and the other monetary answers to the nearest whole dollar.   Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended August 31 UNITS   Equivalent Units Whole Units Direct Materials (1) Conversion (1) Units charged to production:               Inventory in process, August 1   fill in the blank 2           Received from materials storeroom   fill in the blank 3           Total units accounted for by the Roasting Department   fill in the blank 4         Units to be assigned costs:               Inventory in process, August 1   fill in the blank 5   fill in the blank 6   fill in the blank 7   Started and completed in August   fill in the blank 8   fill in the blank 9   fill in the blank 10   Transferred to finished goods in August   fill in the blank 11   fill in the blank 12   fill in the blank 13   Inventory in process, August 31   fill in the blank 14   fill in the blank 15   fill in the blank 16   Total units to be assigned costs   fill in the blank 17   fill in the blank 18   fill in the blank 19 COSTS Costs Direct Materials Conversion Total Costs per equivalent unit:               Total costs for August in Roasting Department $ fill in the blank 20 $ fill in the blank 21       Total equivalent units   fill in the blank 22   fill in the blank 23       Cost per equivalent unit (2) $ fill in the blank 24 $ fill in the blank 25     Costs assigned to production:               Inventory in process, August 1         $ fill in the blank 26   Costs incurred in August           fill in the blank 27   Total costs accounted for by the Roasting Department         $ fill in the blank 28 Costs allocated to completed and partially completed units:               Inventory in process, August 1–balance         $ fill in the blank 29   To complete inventory in process, August 1 $ fill in the blank 30 $ fill in the blank 31   fill in the blank 32   Cost of completed August 1 work in process         $ fill in the blank 33   Started and completed in August   fill in the blank 34   fill in the blank 35   fill in the blank 36   Transferred to finished goods in August (3)         $ fill in the blank 37   Inventory in process, August 31 (4)   fill in the blank 38   fill in the blank 39   fill in the blank 40   Total costs assigned by the Roasting Department         $ fill in the blank 41   Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). Round your answers to the nearest cent.     Increase or Decrease Amount Change in direct materials cost per equivalent unit   $ fill in the blank 43 Change in conversion cost per equivalent unit   $ fill in the blank 45

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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:

Work in process, August 1, 900 pounds, 20% completed     $4,473*
  *Direct materials (900 × $4.70) $4,230    
  Conversion (900 × 20% × $1.35) 243    
  $4,473    
Coffee beans added during August, 18,386 pounds     83,656
Conversion costs during August     28,236
Work in process, August 31, 486 pounds, 42% completed         ?
Goods finished during August, 18,800 pounds         ?

 

All direct materials are placed in process at the beginning of production.

 

 

  1. 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 "0". Round the answers in units to the nearest whole number, the answer for the cost per equivalent unit to the nearest cent, and the other monetary answers to the nearest whole dollar.

     

    Morning Brew Coffee Company
    Cost of Production Report-Roasting Department
    For the Month Ended August 31
    UNITS   Equivalent Units
    Whole
    Units
    Direct
    Materials
    (1)
    Conversion
    (1)
    Units charged to production:            
      Inventory in process, August 1   fill in the blank 2        
      Received from materials storeroom   fill in the blank 3        
      Total units accounted for by the Roasting Department   fill in the blank 4        
    Units to be assigned costs:            
      Inventory in process, August 1   fill in the blank 5   fill in the blank 6   fill in the blank 7
      Started and completed in August   fill in the blank 8   fill in the blank 9   fill in the blank 10
      Transferred to finished goods in August   fill in the blank 11   fill in the blank 12   fill in the blank 13
      Inventory in process, August 31   fill in the blank 14   fill in the blank 15   fill in the blank 16
      Total units to be assigned costs   fill in the blank 17   fill in the blank 18   fill in the blank 19
    COSTS Costs
    Direct
    Materials
    Conversion Total
    Costs per equivalent unit:            
      Total costs for August in Roasting Department $ fill in the blank 20 $ fill in the blank 21    
      Total equivalent units   fill in the blank 22   fill in the blank 23    
      Cost per equivalent unit (2) $ fill in the blank 24 $ fill in the blank 25    
    Costs assigned to production:            
      Inventory in process, August 1         $ fill in the blank 26
      Costs incurred in August           fill in the blank 27
      Total costs accounted for by the Roasting Department         $ fill in the blank 28
    Costs allocated to completed and partially completed units:            
      Inventory in process, August 1–balance         $ fill in the blank 29
      To complete inventory in process, August 1 $ fill in the blank 30 $ fill in the blank 31   fill in the blank 32
      Cost of completed August 1 work in process         $ fill in the blank 33
      Started and completed in August   fill in the blank 34   fill in the blank 35   fill in the blank 36
      Transferred to finished goods in August (3)         $ fill in the blank 37
      Inventory in process, August 31 (4)   fill in the blank 38   fill in the blank 39   fill in the blank 40
      Total costs assigned by the Roasting Department         $ fill in the blank 41

     

  2. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). Round your answers to the nearest cent.

     

      Increase or Decrease Amount
    Change in direct materials cost per equivalent unit   $ fill in the blank 43
    Change in conversion cost per equivalent unit   $ fill in the blank 45
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