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, 600 pounds, 30% completed $3,222* *Direct materials (600 X $4.80) $2,880 Conversion (600 X 30% X $1.90) 342 $3,222 Coffee beans added during August, 19,000 pounds 90,250 Conversion costs during August 37,840 Work in process, August 31, 1,000 pounds, 50% completed ? Goods finished during August, 18,600 pounds ? All direct materials are placed in process at the beginning of production. a. Prepare a cost of production report, presenting the following computations: 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 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 fill in the blank f4784bffa00500c_1 Received from materials storeroom fill in the blank f4784bffa00500c_2 Total units accounted for by the Roasting Department fill in the blank f4784bffa00500c_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 fill in the blank f4784bffa00500c_4 fill in the blank f4784bffa00500c_5 fill in the blank f4784bffa00500c_6 Started and completed in August fill in the blank f4784bffa00500c_7 fill in the blank f4784bffa00500c_8 fill in the blank f4784bffa00500c_9 Transferred to finished goods in August fill in the blank f4784bffa00500c_10 fill in the blank f4784bffa00500c_11 fill in the blank f4784bffa00500c_12 Inventory in process, August 31 fill in the blank f4784bffa00500c_13 fill in the blank f4784bffa00500c_14 fill in the blank f4784bffa00500c_15 Total units to be assigned costs fill in the blank f4784bffa00500c_16 fill in the blank f4784bffa00500c_17 fill in the blank f4784bffa00500c_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department $fill in the blank f4784bffa00500c_19 $fill in the blank f4784bffa00500c_20 Total equivalent units fill in the blank f4784bffa00500c_21 fill in the blank f4784bffa00500c_22 Cost per equivalent unit (2) $fill in the blank f4784bffa00500c_23 $fill in the blank f4784bffa00500c_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, August 1 $fill in the blank f4784bffa00500c_25 Costs incurred in August fill in the blank f4784bffa00500c_26 Total costs accounted for by the Roasting Department $fill in the blank f4784bffa00500c_27 Costs allocated to completed and partially completed units: Inventory in process, August 1 balance $fill in the blank f4784bffa00500c_28 To complete inventory in process, August 1 $fill in the blank f4784bffa00500c_29 $fill in the blank f4784bffa00500c_30 fill in the blank f4784bffa00500c_31 Cost of completed August 1 work in process $fill in the blank f4784bffa00500c_32 Started and completed in August fill in the blank f4784bffa00500c_33 fill in the blank f4784bffa00500c_34 fill in the blank f4784bffa00500c_35 Transferred to finished goods in August (3) $fill in the blank f4784bffa00500c_36 Inventory in process, August 31 (4) fill in the blank f4784bffa00500c_37 fill in the blank f4784bffa00500c_38 fill in the blank f4784bffa00500c_39 Total costs assigned by the Roasting Department $fill in the blank f4784bffa00500c_40

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, 600 pounds, 30% completed $3,222* *Direct materials (600 X $4.80) $2,880 Conversion (600 X 30% X $1.90) 342 $3,222 Coffee beans added during August, 19,000 pounds 90,250 Conversion costs during August 37,840 Work in process, August 31, 1,000 pounds, 50% completed ? Goods finished during August, 18,600 pounds ? All direct materials are placed in process at the beginning of production. a. Prepare a cost of production report, presenting the following computations: 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 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 fill in the blank f4784bffa00500c_1 Received from materials storeroom fill in the blank f4784bffa00500c_2 Total units accounted for by the Roasting Department fill in the blank f4784bffa00500c_3 Units to be assigned costs: Equivalent Units Whole Units Direct Materials (1) Conversion (1) Inventory in process, August 1 fill in the blank f4784bffa00500c_4 fill in the blank f4784bffa00500c_5 fill in the blank f4784bffa00500c_6 Started and completed in August fill in the blank f4784bffa00500c_7 fill in the blank f4784bffa00500c_8 fill in the blank f4784bffa00500c_9 Transferred to finished goods in August fill in the blank f4784bffa00500c_10 fill in the blank f4784bffa00500c_11 fill in the blank f4784bffa00500c_12 Inventory in process, August 31 fill in the blank f4784bffa00500c_13 fill in the blank f4784bffa00500c_14 fill in the blank f4784bffa00500c_15 Total units to be assigned costs fill in the blank f4784bffa00500c_16 fill in the blank f4784bffa00500c_17 fill in the blank f4784bffa00500c_18 Cost Information Cost per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department $fill in the blank f4784bffa00500c_19 $fill in the blank f4784bffa00500c_20 Total equivalent units fill in the blank f4784bffa00500c_21 fill in the blank f4784bffa00500c_22 Cost per equivalent unit (2) $fill in the blank f4784bffa00500c_23 $fill in the blank f4784bffa00500c_24 Costs assigned to production: Direct Materials Conversion Total Inventory in process, August 1 $fill in the blank f4784bffa00500c_25 Costs incurred in August fill in the blank f4784bffa00500c_26 Total costs accounted for by the Roasting Department $fill in the blank f4784bffa00500c_27 Costs allocated to completed and partially completed units: Inventory in process, August 1 balance $fill in the blank f4784bffa00500c_28 To complete inventory in process, August 1 $fill in the blank f4784bffa00500c_29 $fill in the blank f4784bffa00500c_30 fill in the blank f4784bffa00500c_31 Cost of completed August 1 work in process $fill in the blank f4784bffa00500c_32 Started and completed in August fill in the blank f4784bffa00500c_33 fill in the blank f4784bffa00500c_34 fill in the blank f4784bffa00500c_35 Transferred to finished goods in August (3) $fill in the blank f4784bffa00500c_36 Inventory in process, August 31 (4) fill in the blank f4784bffa00500c_37 fill in the blank f4784bffa00500c_38 fill in the blank f4784bffa00500c_39 Total costs assigned by the Roasting Department $fill in the blank f4784bffa00500c_40

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 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...

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Question

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, 600 pounds, 30% completed			$3,222*
	*Direct materials (600 X $4.80)	$2,880
	Conversion (600 X 30% X $1.90)	342
	$3,222
Coffee beans added during August, 19,000 pounds			90,250
Conversion costs during August			37,840
Work in process, August 31, 1,000 pounds, 50% completed			?
Goods finished during August, 18,600 pounds			?

All direct materials are placed in process at the beginning of production.

a. Prepare a cost of production report, presenting the following computations:

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 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	fill in the blank f4784bffa00500c_1
Received from materials storeroom	fill in the blank f4784bffa00500c_2
Total units accounted for by the Roasting Department	fill in the blank f4784bffa00500c_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials (1)	Conversion (1)
Inventory in process, August 1	fill in the blank f4784bffa00500c_4	fill in the blank f4784bffa00500c_5	fill in the blank f4784bffa00500c_6
Started and completed in August	fill in the blank f4784bffa00500c_7	fill in the blank f4784bffa00500c_8	fill in the blank f4784bffa00500c_9
Transferred to finished goods in August	fill in the blank f4784bffa00500c_10	fill in the blank f4784bffa00500c_11	fill in the blank f4784bffa00500c_12
Inventory in process, August 31	fill in the blank f4784bffa00500c_13	fill in the blank f4784bffa00500c_14	fill in the blank f4784bffa00500c_15
Total units to be assigned costs	fill in the blank f4784bffa00500c_16	fill in the blank f4784bffa00500c_17	fill in the blank f4784bffa00500c_18
Cost Information
Cost per equivalent unit:
	Direct Materials	Conversion
Total costs for August in Roasting Department	$fill in the blank f4784bffa00500c_19	$fill in the blank f4784bffa00500c_20
Total equivalent units	fill in the blank f4784bffa00500c_21	fill in the blank f4784bffa00500c_22
Cost per equivalent unit (2)	$fill in the blank f4784bffa00500c_23	$fill in the blank f4784bffa00500c_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, August 1			$fill in the blank f4784bffa00500c_25
Costs incurred in August			fill in the blank f4784bffa00500c_26
Total costs accounted for by the Roasting Department			$fill in the blank f4784bffa00500c_27
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance			$fill in the blank f4784bffa00500c_28
To complete inventory in process, August 1	$fill in the blank f4784bffa00500c_29	$fill in the blank f4784bffa00500c_30	fill in the blank f4784bffa00500c_31
Cost of completed August 1 work in process			$fill in the blank f4784bffa00500c_32
Started and completed in August	fill in the blank f4784bffa00500c_33	fill in the blank f4784bffa00500c_34	fill in the blank f4784bffa00500c_35
Transferred to finished goods in August (3)			$fill in the blank f4784bffa00500c_36
Inventory in process, August 31 (4)	fill in the blank f4784bffa00500c_37	fill in the blank f4784bffa00500c_38	fill in the blank f4784bffa00500c_39
Total costs assigned by the Roasting Department			$fill in the blank f4784bffa00500c_40

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