The debits to Work in Process-Roasting Department for Morning Brew Coffee Company for August, together with...
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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, 50% completed *Direct materials (700 X $4.9) Conversion (700 X 50% X $2) Coffee beans added during August, 22,000 pounds $4,130* $3,430 $700 $4,130 106,700 45,780 ? ? Conversion costs during August Work in process, August 31, 1,100 pounds, 50% completed Goods finished during August, 21,600 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 is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places. Morning 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 Received from materials storeroom Total units accounted for by the Roasting Department 700 22,000 22,700 Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 700 0 350 Started and completed in August 20,900 20,900 20,900 Transferred to finished goods in August 21,600 20,900 21,250 Inventory in process, August 31 1,100 1,100 550 Total units to be assigned costs 22,700 22,000 21,800 Costs per equivalent unit: Total costs for August in Roasting Department Total equivalent uni Accounting numeric field Cost per equivalent unit (2) Costs assigned to production: Inventory in process, August 1 Costs incurred in August Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, August 1 balance To complete inventory in process, August 1 Cost of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department Direct Materials Conversion $ Direct Materials Conversion Total $ $ 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, 50% completed *Direct materials (700 X $4.9) Conversion (700 X 50% X $2) Coffee beans added during August, 22,000 pounds $4,130* $3,430 $700 $4,130 106,700 45,780 ? ? Conversion costs during August Work in process, August 31, 1,100 pounds, 50% completed Goods finished during August, 21,600 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 is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places. Morning 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 Received from materials storeroom Total units accounted for by the Roasting Department 700 22,000 22,700 Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 700 0 350 Started and completed in August 20,900 20,900 20,900 Transferred to finished goods in August 21,600 20,900 21,250 Inventory in process, August 31 1,100 1,100 550 Total units to be assigned costs 22,700 22,000 21,800 Costs per equivalent unit: Total costs for August in Roasting Department Total equivalent uni Accounting numeric field Cost per equivalent unit (2) Costs assigned to production: Inventory in process, August 1 Costs incurred in August Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Inventory in process, August 1 balance To complete inventory in process, August 1 Cost of completed August 1 work in process Started and completed in August Transferred to finished goods in August (3) Inventory in process, August 31 (4) Total costs assigned by the Roasting Department Direct Materials Conversion $ Direct Materials Conversion Total $ $
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