The debits to Work in ProcessâRoasting Department for MorningBrew Coffee Company for August, together with informationconcerning production, are as follows:
Work in process, August 1, 700 pounds, 60%completed $4,410* *Direct materials (700 X $5.1) $3,570 Conversion (700 X 60% X $2) 840 $4,410 Coffee beans added during August, 22,000pounds 111,100 Conversion costs during August 45,171 Work in process, August 31, 1,100 pounds, 30%completed ? Goods finished during August, 21,600 pounds ?
All direct materials are placed in process at the beginning ofproduction.
a. Prepare a cost of production report,presenting the following computations:
Direct materials and conversion equivalent units of productionfor August.
Direct materials and conversion costs per equivalent unit forAugust.
Cost of goods finished during August.
Cost of work in process at August 31.
If an amount is zero, enter in "0". For the cost per equivalentunit, round your answer to two decimal places.
Morning Brew Coffee Company Costof Production Report-Roasting Department Forthe Month Ended August 31 UnitInformation Units charged toproduction: Inventory in process, August1 Received from materialsstoreroom Total units accounted for bythe Roasting Department Units to be assignedcosts: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August1 Started and completed inAugust Transferred to finished goodsin August Inventory in process, August31 Total units to be assignedcosts CostInformation Cost per equivalent unit: Direct Materials Conversion Total costs for August inRoasting Department $ $ Total equivalent units Cost per equivalent unit(2) $ $ Costs assigned toproduction: Direct Materials Conversion Total Inventory in process, August1 $ Costs incurred in August Total costs accounted for bythe Roasting Department $ Costs allocated to completedand partially completed units: Inventory in process, August 1balance $ To complete inventory inprocess, August 1 $ $ Cost of completed August 1 workin process $ Started and completed inAugust Transferred to finished goodsin August (3) $ Inventory in process, August 31(4) Total costs assigned by theRoasting Department $
b. Compute and evaluate the change in cost perequivalent unit for direct materials and conversion from theprevious month (July). If required, round your answers to thenearest cent.
Increase or Decrease Amount Change in direct materials cost per equivalent unit $ Change in conversion cost per equivalent unit $
The debits to Work in ProcessâRoasting Department for MorningBrew Coffee Company for August, together with informationconcerning production, are as follows:
| Work in process, August 1, 700 pounds, 60%completed | $4,410* | |||
| *Direct materials (700 X $5.1) | $3,570 | |||
| Conversion (700 X 60% X $2) | 840 | |||
| $4,410 | ||||
| Coffee beans added during August, 22,000pounds | 111,100 | |||
| Conversion costs during August | 45,171 | |||
| Work in process, August 31, 1,100 pounds, 30%completed | ? | |||
| Goods finished during August, 21,600 pounds | ? | |||
All direct materials are placed in process at the beginning ofproduction.
a. Prepare a cost of production report,presenting the following computations:
Direct materials and conversion equivalent units of productionfor August.
Direct materials and conversion costs per equivalent unit forAugust.
Cost of goods finished during August.
Cost of work in process at August 31.
If an amount is zero, enter in "0". For the cost per equivalentunit, round your answer to two decimal places.
| Morning Brew Coffee Company | |||
| Costof Production Report-Roasting Department | |||
| Forthe Month Ended August 31 | |||
| UnitInformation | |||
| Units charged toproduction: | |||
| Inventory in process, August1 | |||
| Received from materialsstoreroom | |||
| Total units accounted for bythe Roasting Department | |||
| Units to be assignedcosts: | |||
| Equivalent Units | |||
| Whole Units | Direct Materials (1) | Conversion (1) | |
| Inventory in process, August1 | |||
| Started and completed inAugust | |||
| Transferred to finished goodsin August | |||
| Inventory in process, August31 | |||
| Total units to be assignedcosts | |||
| CostInformation | |||
| Cost per equivalent unit: | |||
| Direct Materials | Conversion | ||
| Total costs for August inRoasting Department | $ | $ | |
| Total equivalent units | |||
| Cost per equivalent unit(2) | $ | $ | |
| Costs assigned toproduction: | |||
| Direct Materials | Conversion | Total | |
| Inventory in process, August1 | $ | ||
| Costs incurred in August | |||
| Total costs accounted for bythe Roasting Department | $ | ||
| Costs allocated to completedand partially completed units: | |||
| Inventory in process, August 1balance | $ | ||
| To complete inventory inprocess, August 1 | $ | $ | |
| Cost of completed August 1 workin process | $ | ||
| Started and completed inAugust | |||
| Transferred to finished goodsin August (3) | $ | ||
| Inventory in process, August 31(4) | |||
| Total costs assigned by theRoasting Department | $ | ||
b. Compute and evaluate the change in cost perequivalent unit for direct materials and conversion from theprevious month (July). If required, round your answers to thenearest cent.
| Increase or Decrease | Amount | |
| Change in direct materials cost per equivalent unit | $ | |
| Change in conversion cost per equivalent unit | $ |
Related questions
Please show work so I can learn how the problem was solved
Cost of Production Report
The debits to Work in ProcessâRoasting Department for MorningBrew Coffee Company for August, together with informationconcerning production, are as follows:
| Work in process, August 1, 500 pounds, 60%completed | $2,300* | |||
| *Direct materials (500 X $3.7) | $1,850 | |||
| Conversion (500 X 60% X $1.5) | 450 | |||
| $2,300 | ||||
| Coffee beans added during August, 16,000pounds | 58,400 | |||
| Conversion costs during August | 25,280 | |||
| Work in process, August 31, 800 pounds, 50%completed | ? | |||
| Goods finished during August, 15,700 pounds | ? | |||
All direct materials are placed in process at the beginning ofproduction.
a. Prepare a cost of production report,presenting the following computations:
Direct materials and conversion equivalent units of productionfor August.
Direct materials and conversion costs per equivalent unit forAugust.
Cost of goods finished during August.
Cost of work in process at August 31.
If an amount is zero, enter in "0". For the cost per equivalentunit, round your answer to two decimal places.
| Morning Brew Coffee Company | |||
| Costof Production Report-Roasting Department | |||
| Forthe Month Ended August 31 | |||
| UnitInformation | |||
| Units charged toproduction: | |||
| Inventory in process, August1 | |||
| Received from materialsstoreroom | |||
| Total units accounted for bythe Roasting Department | |||
| Units to be assignedcosts: | |||
| Equivalent Units | |||
| Whole Units | Direct Materials (1) | Conversion (1) | |
| Inventory in process, August1 | |||
| Started and completed inAugust | |||
| Transferred to finished goodsin August | |||
| Inventory in process, August31 | |||
| Total units to be assignedcosts | |||
| CostInformation | |||
| Cost per equivalent unit: | |||
| Direct Materials | Conversion | ||
| Total costs for August inRoasting Department | $ | $ | |
| Total equivalent units | |||
| Cost per equivalent unit(2) | $ | $ | |
| Costs assigned toproduction: | |||
| Direct Materials | Conversion | Total | |
| Inventory in process, August1 | $ | ||
| Costs incurred in August | |||
| Total costs accounted for bythe Roasting Department | $ | ||
| Costs allocated to completedand partially completed units: | |||
| Inventory in process, August 1balance | $ | ||
| To complete inventory inprocess, August 1 | $ | $ | |
| Cost of completed August 1 workin process | $ | ||
| Started and completed inAugust | |||
| Transferred to finished goodsin August (3) | $ | ||
| Inventory in process, August 31(4) | |||
| Total costs assigned by theRoasting Department | $ | ||
Feedback
a. How much more (percentage amount) needed to be done to thebeginning work in process units to make the units to complete totransfer to the next department? Did these units require morematerial cost or more conversion cost? How much, in terms of cost,had been done to these units in the prior period? In order forunits to be transferred to the next department, the units have tobe complete with respect to both materials and conversion. When arematerials added in the process? How complete are the units inending inventory with respect to materials? How compete are theunits in ending inventory with respect to conversion? Materials andconversion cost needs to be allocated among the equivalent units.Are the number of equivalent units the same for materials andconversion?
b. Compute and evaluate the change in cost perequivalent unit for direct materials and conversion from theprevious month (July). If required, round your answers to thenearest cent.
| Increase or Decrease | Amount | |
| Change in direct materials cost per equivalent unit | Decrease | $ |
| Change in conversion cost per equivalent unit | Increase | $ |
Cost of Production Report
The debits to Work in ProcessâRoasting Department for MorningBrew Coffee Company for August, together with informationconcerning production, are as follows:
| Work in process, August 1, 600 pounds, 50%completed | $3,450* | |||
| *Direct materials (600 X $4.8) | $2,880 | |||
| Conversion (600 X 50% X $1.9) | $570 | |||
| $3,450 | ||||
| Coffee beans added during August, 19,000pounds | 90,250 | |||
| Conversion costs during August | 37,800 | |||
| Work in process, August 31, 1,000 pounds, 60%completed | ? | |||
| Goods finished during August, 18,600 pounds | ? | |||
All direct materials are placed in process at the beginning ofproduction.
a. Prepare a cost of production report,presenting the following computations:
Direct materials and conversion equivalent units of productionfor August.
Direct materials and conversion costs per equivalent unit forAugust.
Cost of goods finished during August.
Cost of work in process at August 31.
If an amount is zero, enter in "0". For the cost per equivalentunit, round your answer to two decimal places.
| Morning Brew Coffee Company | |||
| Costof Production Report-Roasting Department | |||
| Forthe Month Ended August 31 | |||
| UnitInformation | |||
| Units charged toproduction: | |||
| Inventory in process, August1 | |||
| Received from materialsstoreroom | |||
| Total units accounted for bythe Roasting Department | |||
| Units to be assignedcosts: | |||
| Equivalent Units | |||
| Whole Units | Direct Materials (1) | Conversion (1) | |
| Inventory in process, August1 | |||
| Started and completed inAugust | |||
| Transferred to finished goodsin August | |||
| Inventory in process, August31 | |||
| Total units to be assignedcosts | |||
| CostInformation | |||
| Costs per equivalent unit: | |||
| Direct Materials | Conversion | ||
| Total costs for August inRoasting Department | $ | $ | |
| Total equivalent units | |||
| Cost per equivalent unit(2) | $ | $ | |
| Costs assigned toproduction: | |||
| Direct Materials | Conversion | Total | |
| Inventory in process, August1 | $ | ||
| Costs incurred in August | |||
| Total costs accounted for bythe Roasting Department | $ | ||
| Costs allocated to completedand partially completed units: | |||
| Inventory in process, August 1balance | $ | ||
| To complete inventory inprocess, August 1 | $ | $ | |
| Cost of completed August 1 workin process | $ | ||
| Started and completed inAugust | |||
| Transferred to finished goodsin August (3) | $ | ||
| Inventory in process, August 31(4) | |||
| Total costs assigned by theRoasting Department | $ | ||
Feedback
a. How much more (percentage amount) needed to be done to thebeginning work in process units to make the units complete totransfer to the next department? Did these units require morematerial cost or more conversion cost? How much, in terms of cost,had been done to these units in the prior period? In order forunits to be transferred to the next department, the units have tobe complete with respect to both materials and conversion. When arematerials added in the process? How complete are the units inending inventory with respect to materials? How complete are theunits in ending inventory with respect to conversion? Materials andconversion cost needs to be allocated among the equivalent units.Are the number of equivalent units the same for materials andconversion?
b. Compute and evaluate the change in cost perequivalent unit for direct materials and conversion from theprevious month (July). If required, round your answers to thenearest cent.
| Increase or Decrease | Amount | |
| Change in direct materials cost per equivalent unit | Decrease | $ |
| Change in conversion cost per equivalent unit | Increase | $ |
Cost of Production Report
The debits to Work in ProcessâRoasting Department for St. Arbucks Coffee Company for July 2016, together with information concerning production, are as follows:
| Work in process, July 1, 1,000 pounds, 20% completed | $5,180* | |||
| *Direct materials (1,000 X $4.8) | $4,800 | |||
| Conversion (1,000 X 20% X $1.9) | $380 | |||
| $5,180 | ||||
| Coffee beans added during July, 31,000 pounds | 147,250 | |||
| Conversion costs during July | 62,640 | |||
| Work in process, July 31, 1,600 pounds, 70% completed | ? | |||
| Goods finished during July, 30,400 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 July.
Direct materials and conversion costs per equivalent unit for July.
Cost of goods finished during July.
Cost of work in process at July 31, 2016.
If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places.
| St. Arbucks Coffee Company | |||
| Cost of Production Report-Roasting Department | |||
| For the Month Ended July 31, 2016 | |||
| Unit Information | |||
| Units charged to production: | |||
| Inventory in process, July 1 | |||
| Received from materials storeroom | |||
| Total units accounted for by the Roasting Department | |||
| Units to be assigned costs: | |||
| Equivalent Units | |||
| Whole Units | Direct Materials (1) | Conversion (1) | |
| Inventory in process, July 1 | |||
| Started and completed in July | |||
| Transferred to finished goods in July | |||
| Inventory in process, July 31 | |||
| Total units to be assigned costs | |||
| Cost Information | |||
| Costs per equivalent unit: | |||
| Direct Materials | Conversion | ||
| Total costs for July in Roasting Department | $ | $ | |
| Total equivalent units | |||
| Cost per equivalent unit (2) | $ | $ | |
| Costs assigned to production: | |||
| Direct Materials | Conversion | Total | |
| Inventory in process, July 1 | $ | ||
| Costs incurred in July | |||
| Total costs accounted for by the Roasting Department | $ | ||
| Cost allocated to completed and partially completed units: | |||
| Inventory in process, July 1 balance | $ | ||
| To complete inventory in process, July 1 | $ | $ | |
| Cost of completed July 1 work in process | $ | ||
| Started and completed in July | |||
| Transferred to finished goods in July (3) | $ | ||
| Inventory in process, July 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 (June). If required, round your answers to the nearest cent.
| Increase or Decrease | Amount | |
| Change in direct materials cost per equivalent unit | $ | |
| Change in conversion cost per equivalent unit | $ |
