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, 500 pounds, 20% completed "Direct materials (500 x $4.00) Conversion (500 x 20 % x $1.60) Coffee beans added during August, 16,000 pounds Conversion costs during August 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 of production. $2,000 160 $2,160 $2,160* 63,200 27,200 ? ? 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 the nearest cent.

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, 500 pounds, 20% completed "Direct materials (500 x $4.00) Conversion (500 x 20 % x $1.60) Coffee beans added during August, 16,000 pounds Conversion costs during August 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 of production. $2,000 160 $2,160 $2,160* 63,200 27,200 ? ? 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 the nearest cent.

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Description: Cost of Production ReportThe 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, 500 pounds, 20% completed*Direct materi

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 16E: Cost of production report The debits to Work in ProcessRoasting Department for Morning Brew Coffee...

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