Calculate the costs per equivalent unit of production under FIFO method for the forming department.

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Chapter 20, Problem 11E

1.

To determine

Calculate the costs per equivalent unit of production under FIFO method for the forming department.

2.

To determine

Assign costs to the department’s output for the month of April.

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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, 700 pounds, 10% completed *Direct materials (700 x $2.60) Conversion (700 x 10% x $1.00) Coffee beans added during August, 22,000 pounds Conversion costs during August Work in process, August 31, 1,100 pounds, 40% completed Goods finished during August, 21,600 pounds < All direct materials are placed in process at the beginning of production. $1,890* $1,820 70 $1,890 56,100 24,167 ? ? 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…

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