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ry Bookmarks Tools Window Help 51% Fri 1:44 PM Main.do?invoker assignnSearch eBook 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, 1,100 pounds, 30% completed 3,586 Direct materials (1,100 x $2.9) Conversion (1,100 X 30% X $1.2) $3,190 396 $3,586 Coffee beans added during August, 34,000 pounds Conversion costs during August work in process, August 31, 1,800 pounds, 70% completed Goods finished during August, 33,300 pounds 96,900 44,499 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 "0". For the cost per equivalent unit, round your answer to two decimal places Morning Brew Coffee Company For the Month Ended August 31 Unit information PreviousNext Check My Work 2 more Check My Work ises remainng for Grading A" work saved.

Explanation / Answer

Units charged to Production:

Inventory in process: 1100

Received form material store room: 34000

So, Units to be assigned cost: 35100 pounds

a. Direct material and conversion equivalent cost of production:

b. Direct material and conversion cost per equivalent unit of production:

c. Cost of goods finished in Aug:

Particulars Whole Units Equivalent Units Equivalent Units Notes Direct Materials Conversion Inventory in Process, Aug 1 1,100 - 770 70% conversion Started & completed in Aug 32,200 32,200 32,200 Transferred to Finished Goods 33,300 32,200 32,970 Inventory in process, Aug 30 1,800 1,800 1,260 Total inventory to be assigned cost 35,100 34,000 34,230

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