Need hep solving this problem Thanks. st 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, 900 pounds, 10% completed*Direct materials (900 X $4.1)$3,834*$3,690Conversion (900 X 10% X $1.6)144$3,834Coffee beans added during August, 28,000 poundsConversion costs during August113,40047,549Work in process, August 31, 1,400 pounds, 40% completedGoods finished during August, 27,500 poundsAll 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 "O". For the cost per equivalent unit, round your answer to two decimal places.Morning Brew Coffee CompanyCost of Production Report-Roasting DepartmentFor the Month Ended August 31Unit InformationUnits charged to production:Inventory in process, August 1Received from materials storeroomTotal units acCounted for by the Roasting DepartmentUnits to be assigned costs:Equivalent UnitsDirectWholeMaterials ConversionUnits(1)(1)Inventory in process, August 1900Started and completed in AugustTransferred to finished goods in AugustInventory in process, August 31Total units to be assigned costsCost InformationCost per equivalent unit:DirectMaterialsConversionTotal costs for August in Roasting DepartmentTotal equivalent unitsCost per equivalent unit (2)PreviousNext Equivalent UnitsDirectWholeMaterials ConversionUnits(1)(1)Inventory in process, August 1900Started and completed in AugustTransferred to finished goods in AugustInventory in process, August 31Total units to be assigned costsCost InformationCost per equivalent unit:DirectMaterialsConversionTotal costs for August in Roasting DepartmentTotal equivalent unitsCost per equivalent unit (2)Costs assigned to production:DirectTotalMaterials ConversionInventory in process, August 1Costs incurred in AugustTotal costs accounted for by the Roasting DepartmentCosts allocated to completed and partially completed units:Inventory in process, August i balanceTo complete inventory in process, August 1Cost of completed August 1 work in processStarted and completed in AugustTransferred to finished goods in August (3)Inventory in process, August 31 (4)Total costs assigned by the Roasting Departmentb. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your answers to the nearest cent.AmountIncrease or DecreaseChange in direct materials cost per equivalent unitChange in conversion cost per equivalent unit

1) Equivalent Units of Production Particulars Direct Material Conversion Cost Opening WIP (90%)…

The debits to Work in Process-Roasting Department for Moning Brew Coffee Compamy for August. together with information concerning prodution, are an follows Work in process, August 1. 900 pounds. 10% completed $3,834 "Direct materials (900 X 54.1) $3.690 Conversion (900 X 10% X $1.6) 144 $3,834 Coffee beans added during August. 28.000 pounds 113,400 Conversion costs during August 47,549 Work in process, August 31. 1.400 pounds, 40% completed Goods finished during August, 27,500 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

The debits to Work in Process-Roasting Department for Moning Brew Coffee Compamy for August. together with information concerning prodution, are an follows Work in process, August 1. 900 pounds. 10% completed $3,834 "Direct materials (900 X 54.1) $3.690 Conversion (900 X 10% X $1.6) 144 $3,834 Coffee beans added during August. 28.000 pounds 113,400 Conversion costs during August 47,549 Work in process, August 31. 1.400 pounds, 40% completed Goods finished during August, 27,500 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

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter17: Process Cost Systems

Section: Chapter Questions

Problem 4PA: Work in process account data for two months; cost of production reports Hearty Soup Co. uses a...

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