All direct materials are placed in process at the beginning of production. a. Pr
ID: 2451515 • Letter: A
Question
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, 2014.
If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to the nearest cent.
Morning Brew Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended August 31, 2014
Inventory in process, August 1
Correct 5 of Item 1
Received from materials storeroom
Correct 7 of Item 1
Total units accounted for by the Roasting Department
Correct 9 of Item 1
Equivalent Units
Whole Units
Direct Materials (1)
Conversion (1)
Inventory in process, August 1
Correct 15 of Item 1
Correct 16 of Item 1
Correct 17 of Item 1
Started and completed in August
Correct 19 of Item 1
Correct 20 of Item 1
Correct 21 of Item 1
Transferred to finished goods in August
Correct 23 of Item 1
Correct 24 of Item 1
Correct 25 of Item 1
Inventory in process, August 31
Correct 27 of Item 1
Correct 28 of Item 1
Correct 29 of Item 1
Total units to be assigned costs
Correct 31 of Item 1
Correct 32 of Item 1
Correct 33 of Item 1
Direct Materials
Conversion
Total costs for August in Roasting Department
Correct 37 of Item 1
Correct 38 of Item 1
Total equivalent units
Correct 40 of Item 1
Correct 41 of Item 1
Cost per equivalent unit (2)
Correct 43 of Item 1
Correct 44 of Item 1
Direct Materials
Conversion
Total
Inventory in process, August 1
Correct 49 of Item 1
Costs incurred in August
Correct 51 of Item 1
Total costs accounted for by the Roasting Department
Correct 53 of Item 1
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance
Correct 56 of Item 1
To complete inventory in process, August 1
Correct 58 of Item 1
Correct 59 of Item 1
Correct 60 of Item 1
Cost of completed August 1 work in process
Correct 62 of Item 1
Started and completed in August
Correct 64 of Item 1
Correct 65 of Item 1
Correct 66 of Item 1
Transferred to finished goods in August (3)
Correct 68 of Item 1
Inventory in process, August 31 (4)
Correct 70 of Item 1
Correct 71 of Item 1
Correct 72 of Item 1
Total costs assigned by the Roasting Department
Correct 74 of Item 1
Hide FeedbackShow All Feedback
Partially Correct
Check My Work Feedback
a. How much more (percentage amount) needed to be done to the beginning work in process units to make the units complete to transfer to the next department? Did these units require more material cost or more conversion cost? How much, in terms of cost, had been done to these units in the prior period? In order for units to be transferred to the next department, the units have to be complete with respect to both materials and conversion. When are materials added in the process? How complete are the units in ending inventory with respect to materials? How complete are the units in ending inventory with respect to conversion? Materials and conversion cost needs to be allocated among the equivalent units. Are the number of equivalent units the same for materials and conversion?
Learning Objective 2, Learning Objective 4.
Post Submission Feedback
Solution
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.
HideHint(s)
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, 2014.
If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to the nearest cent.
Morning Brew Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended August 31, 2014
Unit Information Units charged to production:Inventory in process, August 1
Correct 5 of Item 1
Received from materials storeroom
Correct 7 of Item 1
Total units accounted for by the Roasting Department
Correct 9 of Item 1
Units to be assigned costs:Equivalent Units
Whole Units
Direct Materials (1)
Conversion (1)
Inventory in process, August 1
Correct 15 of Item 1
Correct 16 of Item 1
Correct 17 of Item 1
Started and completed in August
Correct 19 of Item 1
Correct 20 of Item 1
Correct 21 of Item 1
Transferred to finished goods in August
Correct 23 of Item 1
Correct 24 of Item 1
Correct 25 of Item 1
Inventory in process, August 31
Correct 27 of Item 1
Correct 28 of Item 1
Correct 29 of Item 1
Total units to be assigned costs
Correct 31 of Item 1
Correct 32 of Item 1
Correct 33 of Item 1
Cost Information Costs per equivalent unit:Direct Materials
Conversion
Total costs for August in Roasting Department
$Correct 37 of Item 1
$Correct 38 of Item 1
Total equivalent units
Correct 40 of Item 1
Correct 41 of Item 1
Cost per equivalent unit (2)
$Correct 43 of Item 1
$Correct 44 of Item 1
Costs assigned to production:Direct Materials
Conversion
Total
Inventory in process, August 1
$Correct 49 of Item 1
Costs incurred in August
Correct 51 of Item 1
Total costs accounted for by the Roasting Department
$Correct 53 of Item 1
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance
$Correct 56 of Item 1
To complete inventory in process, August 1
$Correct 58 of Item 1
$Correct 59 of Item 1
Correct 60 of Item 1
Cost of completed August 1 work in process
$Correct 62 of Item 1
Started and completed in August
Correct 64 of Item 1
Correct 65 of Item 1
Correct 66 of Item 1
Transferred to finished goods in August (3)
$Correct 68 of Item 1
Inventory in process, August 31 (4)
Correct 70 of Item 1
Correct 71 of Item 1
Correct 72 of Item 1
Total costs assigned by the Roasting Department
$Correct 74 of Item 1
Explanation / Answer
All direct materials are placed in process at the beginning of production. a. Pr
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.