The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, 30% completed $5,970* *Direct materials (1,200 × $4.15) $4,980 Conversion (1,200 × 30% × $2.75) 990 $5,970 Coffee beans added during August, 19,800 pounds $81,180 Conversion costs during August 59,334 Work in process, August 31, 900 pounds, 80% completed ? Goods finished during August, 20,100 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 August Direct materials and conversion costs per equivalent unit for August Cost of goods finished during August Cost of work in process at August 31 If an amount box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to the nearest cent. Daybreak 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 fill in the blank 269602f7afcafda_1 Received from materials storeroom fill in the blank 269602f7afcafda_2 Total units accounted for by the Roasting Department fill in the blank 269602f7afcafda_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 fill in the blank 269602f7afcafda_4 fill in the blank 269602f7afcafda_5 fill in the blank 269602f7afcafda_6 Started and completed in August fill in the blank 269602f7afcafda_7 fill in the blank 269602f7afcafda_8 fill in the blank 269602f7afcafda_9 Transferred to finished goods in August fill in the blank 269602f7afcafda_10 fill in the blank 269602f7afcafda_11 fill in the blank 269602f7afcafda_12 Inventory in process, August 31 fill in the blank 269602f7afcafda_13 fill in the blank 269602f7afcafda_14 fill in the blank 269602f7afcafda_15 Total units to be assigned costs fill in the blank 269602f7afcafda_16 fill in the blank 269602f7afcafda_17 fill in the blank 269602f7afcafda_18 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department $fill in the blank 269602f7afcafda_19 $fill in the blank 269602f7afcafda_20 Total equivalent units fill in the blank 269602f7afcafda_21 fill in the blank 269602f7afcafda_22 Cost per equivalent unit (2) $fill in the blank 269602f7afcafda_23 $fill in the blank 269602f7afcafda_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, August 1 $fill in the blank 269602f7afcafda_25 Costs incurred in August fill in the blank 269602f7afcafda_26 Total costs accounted for by the Roasting Department $fill in the blank 269602f7afcafda_27 Costs allocated to completed and partially completed units: Inventory in process, August 1 balance $fill in the blank 269602f7afcafda_28 To complete inventory in process, August 1 fill in the blank 269602f7afcafda_29 $fill in the blank 269602f7afcafda_30 fill in the blank 269602f7afcafda_31 Cost of completed August 1 work in process $fill in the blank 269602f7afcafda_32 Started and completed in August fill in the blank 269602f7afcafda_33 fill in the blank 269602f7afcafda_34 fill in the blank 269602f7afcafda_35 Transferred to finished goods in August (3) $fill in the blank 269602f7afcafda_36 Inventory in process, August 31 (4) fill in the blank 269602f7afcafda_37 fill in the blank 269602f7afcafda_38 fill in the blank 269602f7afcafda_39 Total costs assigned by the Roasting Department $fill in the blank 269602f7afcafda_40 b. 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 two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank 8688fd023f94fe2_2 Change in conversion cost per equivalent unit fill in the blank 8688fd023f94fe2_4 Check My Work

The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, 30% completed $5,970* *Direct materials (1,200 × $4.15) $4,980 Conversion (1,200 × 30% × $2.75) 990 $5,970 Coffee beans added during August, 19,800 pounds $81,180 Conversion costs during August 59,334 Work in process, August 31, 900 pounds, 80% completed ? Goods finished during August, 20,100 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 August Direct materials and conversion costs per equivalent unit for August Cost of goods finished during August Cost of work in process at August 31 If an amount box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to the nearest cent. Daybreak 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 fill in the blank 269602f7afcafda_1 Received from materials storeroom fill in the blank 269602f7afcafda_2 Total units accounted for by the Roasting Department fill in the blank 269602f7afcafda_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 fill in the blank 269602f7afcafda_4 fill in the blank 269602f7afcafda_5 fill in the blank 269602f7afcafda_6 Started and completed in August fill in the blank 269602f7afcafda_7 fill in the blank 269602f7afcafda_8 fill in the blank 269602f7afcafda_9 Transferred to finished goods in August fill in the blank 269602f7afcafda_10 fill in the blank 269602f7afcafda_11 fill in the blank 269602f7afcafda_12 Inventory in process, August 31 fill in the blank 269602f7afcafda_13 fill in the blank 269602f7afcafda_14 fill in the blank 269602f7afcafda_15 Total units to be assigned costs fill in the blank 269602f7afcafda_16 fill in the blank 269602f7afcafda_17 fill in the blank 269602f7afcafda_18 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department $fill in the blank 269602f7afcafda_19 $fill in the blank 269602f7afcafda_20 Total equivalent units fill in the blank 269602f7afcafda_21 fill in the blank 269602f7afcafda_22 Cost per equivalent unit (2) $fill in the blank 269602f7afcafda_23 $fill in the blank 269602f7afcafda_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, August 1 $fill in the blank 269602f7afcafda_25 Costs incurred in August fill in the blank 269602f7afcafda_26 Total costs accounted for by the Roasting Department $fill in the blank 269602f7afcafda_27 Costs allocated to completed and partially completed units: Inventory in process, August 1 balance $fill in the blank 269602f7afcafda_28 To complete inventory in process, August 1 fill in the blank 269602f7afcafda_29 $fill in the blank 269602f7afcafda_30 fill in the blank 269602f7afcafda_31 Cost of completed August 1 work in process $fill in the blank 269602f7afcafda_32 Started and completed in August fill in the blank 269602f7afcafda_33 fill in the blank 269602f7afcafda_34 fill in the blank 269602f7afcafda_35 Transferred to finished goods in August (3) $fill in the blank 269602f7afcafda_36 Inventory in process, August 31 (4) fill in the blank 269602f7afcafda_37 fill in the blank 269602f7afcafda_38 fill in the blank 269602f7afcafda_39 Total costs assigned by the Roasting Department $fill in the blank 269602f7afcafda_40 b. 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 two decimal places. Increase or Decrease Amount Change in direct materials cost per equivalent unit $fill in the blank 8688fd023f94fe2_2 Change in conversion cost per equivalent unit fill in the blank 8688fd023f94fe2_4 Check My Work

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 18E

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The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows:

Work in process, August 1, 1,200 pounds, 30% completed			$5,970*
	*Direct materials (1,200 × $4.15)	$4,980
	Conversion (1,200 × 30% × $2.75)	990
	$5,970
Coffee beans added during August, 19,800 pounds			$81,180
Conversion costs during August			59,334
Work in process, August 31, 900 pounds, 80% completed			?
Goods finished during August, 20,100 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 August
Direct materials and conversion costs per equivalent unit for August
Cost of goods finished during August
Cost of work in process at August 31

If an amount box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to the nearest cent.

Daybreak 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	fill in the blank 269602f7afcafda_1
Received from materials storeroom	fill in the blank 269602f7afcafda_2
Total units accounted for by the Roasting Department	fill in the blank 269602f7afcafda_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials (1)	Conversion (1)
Inventory in process, August 1	fill in the blank 269602f7afcafda_4	fill in the blank 269602f7afcafda_5	fill in the blank 269602f7afcafda_6
Started and completed in August	fill in the blank 269602f7afcafda_7	fill in the blank 269602f7afcafda_8	fill in the blank 269602f7afcafda_9
Transferred to finished goods in August	fill in the blank 269602f7afcafda_10	fill in the blank 269602f7afcafda_11	fill in the blank 269602f7afcafda_12
Inventory in process, August 31	fill in the blank 269602f7afcafda_13	fill in the blank 269602f7afcafda_14	fill in the blank 269602f7afcafda_15
Total units to be assigned costs	fill in the blank 269602f7afcafda_16	fill in the blank 269602f7afcafda_17	fill in the blank 269602f7afcafda_18
Cost Information
Costs per equivalent unit:
	Direct Materials	Conversion
Total costs for August in Roasting Department	$fill in the blank 269602f7afcafda_19	$fill in the blank 269602f7afcafda_20
Total equivalent units	fill in the blank 269602f7afcafda_21	fill in the blank 269602f7afcafda_22
Cost per equivalent unit (2)	$fill in the blank 269602f7afcafda_23	$fill in the blank 269602f7afcafda_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, August 1			$fill in the blank 269602f7afcafda_25
Costs incurred in August			fill in the blank 269602f7afcafda_26
Total costs accounted for by the Roasting Department			$fill in the blank 269602f7afcafda_27
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance			$fill in the blank 269602f7afcafda_28
To complete inventory in process, August 1	fill in the blank 269602f7afcafda_29	$fill in the blank 269602f7afcafda_30	fill in the blank 269602f7afcafda_31
Cost of completed August 1 work in process			$fill in the blank 269602f7afcafda_32
Started and completed in August	fill in the blank 269602f7afcafda_33	fill in the blank 269602f7afcafda_34	fill in the blank 269602f7afcafda_35
Transferred to finished goods in August (3)			$fill in the blank 269602f7afcafda_36
Inventory in process, August 31 (4)	fill in the blank 269602f7afcafda_37	fill in the blank 269602f7afcafda_38	fill in the blank 269602f7afcafda_39
Total costs assigned by the Roasting Department			$fill in the blank 269602f7afcafda_40

b. 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 two decimal places.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit		$fill in the blank 8688fd023f94fe2_2
Change in conversion cost per equivalent unit		fill in the blank 8688fd023f94fe2_4

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