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The debits to Work in Precess-Roasting Department for Morning Bre Coffee Company fer August. ogether with information concerning produdion, are folos Work in process. August 1. 900 peunds, 10% completed *Direct materiala (900 x 54.1) $3.834 $3.690 Conversion (900x 10% X S1.6) 144 $3.834 Coffee beans added during August. 28.000 pounds 113,400 Conversion costs during August 47,549 Work in process, August 31, 1.400 pounds, 40% completed Goods finished during August, 27.500 pounds All direct materials are placed in precess at the beginning of production. a. Prepare a cost of preduction 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 cont per equivalent unit, reund your answer to two decimal places. Morning Brew Coffee Company Cest of Production Report-Roasting Department For the Month Ended August 31

The debits to Work in Precess-Roasting Department for Morning Bre Coffee Company fer August. ogether with information concerning produdion, are folos Work in process. August 1. 900 peunds, 10% completed *Direct materiala (900 x 54.1) $3.834 $3.690 Conversion (900x 10% X S1.6) 144 $3.834 Coffee beans added during August. 28.000 pounds 113,400 Conversion costs during August 47,549 Work in process, August 31, 1.400 pounds, 40% completed Goods finished during August, 27.500 pounds All direct materials are placed in precess at the beginning of production. a. Prepare a cost of preduction 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 cont per equivalent unit, reund your answer to two decimal places. Morning Brew Coffee Company Cest of Production Report-Roasting Department For the Month Ended August 31

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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st 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, 900 pounds, 10% completed *Direct materials (900 X $4.1) $3,834* $3,690 Conversion (900 X 10% X $1.6) 144 $3,834 Coffee beans added during August, 28,000 pounds Conversion costs during August 113,400 47,549 Work in process, August 31, 1,400 pounds, 40% completed Goods finished during August, 27,500 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 "O". 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 Unit Information Units charged to production: Inventory in process, August 1 Received from materials storeroom Total units acCounted for by the Roasting Department Units to be assigned costs: Equivalent Units Direct Whole Materials Conversion Units (1) (1) Inventory in process, August 1 900 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Previous Next
Transcribed Image Text:st 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, 900 pounds, 10% completed *Direct materials (900 X $4.1) $3,834* $3,690 Conversion (900 X 10% X $1.6) 144 $3,834 Coffee beans added during August, 28,000 pounds Conversion costs during August 113,400 47,549 Work in process, August 31, 1,400 pounds, 40% completed Goods finished during August, 27,500 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 "O". 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 Unit Information Units charged to production: Inventory in process, August 1 Received from materials storeroom Total units acCounted for by the Roasting Department Units to be assigned costs: Equivalent Units Direct Whole Materials Conversion Units (1) (1) Inventory in process, August 1 900 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Previous Next
Equivalent Units Direct Whole Materials Conversion Units (1) (1) Inventory in process, August 1 900 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Direct Total Materials Conversion Inventory in process, August 1 Costs incurred in August Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, August i balance To complete inventory in process, August 1 Cost of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department 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. Amount Increase or Decrease Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit
Transcribed Image Text:Equivalent Units Direct Whole Materials Conversion Units (1) (1) Inventory in process, August 1 900 Started and completed in August Transferred to finished goods in August Inventory in process, August 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department Total equivalent units Cost per equivalent unit (2) Costs assigned to production: Direct Total Materials Conversion Inventory in process, August 1 Costs incurred in August Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, August i balance To complete inventory in process, August 1 Cost of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department 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. Amount Increase or Decrease Change in direct materials cost per equivalent unit Change in conversion cost per equivalent unit
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