The increases to Work in ProcessRoasting Department for Colonel Dirks Coffee Company for August 2012 as well
Question:
The increases to Work in Process—Roasting Department for Colonel Dirks Coffee Company for August 2012 as well as information concerning production are as follows:
Work in process, August 1, 2,000 pounds, 40% completed ..... $ 8,130
Coffee beans added during, August, 93,000 pounds ........ 391,420
Conversion costs during August ................ 187,900
Work in process, August 31, 1,250 pounds, 80% completed ....... —
Goods finished during August, 93,750 pounds ............. —
Prepare a cost of production report, using the weighted average cost method.
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