The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, 30% completed     $5,970*   *Direct materials (1,200 × $4.15) $4,980       Conversion (1,200 × 30% × $2.75) 990       $5,970     Coffee beans added during August, 19,800 pounds     $81,180 Conversion costs during August     59,334 Work in process, August 31, 900 pounds, 80% completed     ? Goods finished during August, 20,100 pounds     ? All direct materials are placed in process at the beginning of production. a.  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 box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to the nearest cent. Daybreak 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 fill in the blank 269602f7afcafda_1 Received from materials storeroom fill in the blank 269602f7afcafda_2 Total units accounted for by the Roasting Department fill in the blank 269602f7afcafda_3 Units to be assigned costs:     Equivalent Units   Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 fill in the blank 269602f7afcafda_4 fill in the blank 269602f7afcafda_5 fill in the blank 269602f7afcafda_6 Started and completed in August fill in the blank 269602f7afcafda_7 fill in the blank 269602f7afcafda_8 fill in the blank 269602f7afcafda_9 Transferred to finished goods in August fill in the blank 269602f7afcafda_10 fill in the blank 269602f7afcafda_11 fill in the blank 269602f7afcafda_12 Inventory in process, August 31 fill in the blank 269602f7afcafda_13 fill in the blank 269602f7afcafda_14 fill in the blank 269602f7afcafda_15 Total units to be assigned costs fill in the blank 269602f7afcafda_16 fill in the blank 269602f7afcafda_17 fill in the blank 269602f7afcafda_18 Cost Information Costs per equivalent unit:   Direct Materials Conversion Total costs for August in Roasting Department $fill in the blank 269602f7afcafda_19 $fill in the blank 269602f7afcafda_20 Total equivalent units fill in the blank 269602f7afcafda_21 fill in the blank 269602f7afcafda_22 Cost per equivalent unit (2) $fill in the blank 269602f7afcafda_23 $fill in the blank 269602f7afcafda_24 Costs assigned to production:   Direct Materials Conversion Total Inventory in process, August 1     $fill in the blank 269602f7afcafda_25 Costs incurred in August     fill in the blank 269602f7afcafda_26 Total costs accounted for by the Roasting Department     $fill in the blank 269602f7afcafda_27 Costs allocated to completed and partially completed units:       Inventory in process, August 1 balance     $fill in the blank 269602f7afcafda_28 To complete inventory in process, August 1 fill in the blank 269602f7afcafda_29 $fill in the blank 269602f7afcafda_30 fill in the blank 269602f7afcafda_31 Cost of completed August 1 work in process     $fill in the blank 269602f7afcafda_32 Started and completed in August fill in the blank 269602f7afcafda_33 fill in the blank 269602f7afcafda_34 fill in the blank 269602f7afcafda_35 Transferred to finished goods in August (3)     $fill in the blank 269602f7afcafda_36 Inventory in process, August 31 (4) fill in the blank 269602f7afcafda_37 fill in the blank 269602f7afcafda_38 fill in the blank 269602f7afcafda_39 Total costs assigned by the Roasting Department     $fill in the blank 269602f7afcafda_40         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 two decimal places.   Increase or Decrease Amount Change in direct materials cost per equivalent unit   $fill in the blank 8688fd023f94fe2_2 Change in conversion cost per equivalent unit   fill in the blank 8688fd023f94fe2_4               Check My Work

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Chapter1: Financial Statements And Business Decisions
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  1. The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows:

    Work in process, August 1, 1,200 pounds, 30% completed     $5,970*
      *Direct materials (1,200 × $4.15) $4,980    
      Conversion (1,200 × 30% × $2.75) 990    
      $5,970    
    Coffee beans added during August, 19,800 pounds     $81,180
    Conversion costs during August     59,334
    Work in process, August 31, 900 pounds, 80% completed     ?
    Goods finished during August, 20,100 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 box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to the nearest cent.

    Daybreak 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 fill in the blank 269602f7afcafda_1
    Received from materials storeroom fill in the blank 269602f7afcafda_2
    Total units accounted for by the Roasting Department fill in the blank 269602f7afcafda_3
    Units to be assigned costs:
        Equivalent Units
     

    Whole
    Units
    Direct
    Materials
    (1)


    Conversion
    (1)
    Inventory in process, August 1 fill in the blank 269602f7afcafda_4 fill in the blank 269602f7afcafda_5 fill in the blank 269602f7afcafda_6
    Started and completed in August fill in the blank 269602f7afcafda_7 fill in the blank 269602f7afcafda_8 fill in the blank 269602f7afcafda_9
    Transferred to finished goods in August fill in the blank 269602f7afcafda_10 fill in the blank 269602f7afcafda_11 fill in the blank 269602f7afcafda_12
    Inventory in process, August 31 fill in the blank 269602f7afcafda_13 fill in the blank 269602f7afcafda_14 fill in the blank 269602f7afcafda_15
    Total units to be assigned costs fill in the blank 269602f7afcafda_16 fill in the blank 269602f7afcafda_17 fill in the blank 269602f7afcafda_18
    Cost Information
    Costs per equivalent unit:
      Direct Materials Conversion
    Total costs for August in Roasting Department $fill in the blank 269602f7afcafda_19 $fill in the blank 269602f7afcafda_20
    Total equivalent units fill in the blank 269602f7afcafda_21 fill in the blank 269602f7afcafda_22
    Cost per equivalent unit (2) $fill in the blank 269602f7afcafda_23 $fill in the blank 269602f7afcafda_24
    Costs assigned to production:
      Direct Materials Conversion Total
    Inventory in process, August 1     $fill in the blank 269602f7afcafda_25
    Costs incurred in August     fill in the blank 269602f7afcafda_26
    Total costs accounted for by the Roasting Department     $fill in the blank 269602f7afcafda_27
    Costs allocated to completed and partially completed units:      
    Inventory in process, August 1 balance     $fill in the blank 269602f7afcafda_28
    To complete inventory in process, August 1 fill in the blank 269602f7afcafda_29 $fill in the blank 269602f7afcafda_30 fill in the blank 269602f7afcafda_31
    Cost of completed August 1 work in process     $fill in the blank 269602f7afcafda_32
    Started and completed in August fill in the blank 269602f7afcafda_33 fill in the blank 269602f7afcafda_34 fill in the blank 269602f7afcafda_35
    Transferred to finished goods in August (3)     $fill in the blank 269602f7afcafda_36
    Inventory in process, August 31 (4) fill in the blank 269602f7afcafda_37 fill in the blank 269602f7afcafda_38 fill in the blank 269602f7afcafda_39
    Total costs assigned by the Roasting Department     $fill in the blank 269602f7afcafda_40
           

    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 two decimal places.

      Increase or Decrease Amount
    Change in direct materials cost per equivalent unit   $fill in the blank 8688fd023f94fe2_2
    Change in conversion cost per equivalent unit   fill in the blank 8688fd023f94fe2_4
  2.  
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