OBJ. 2, 4 EX 20-16 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, 700 pounds, 20% completed $ 3,479* *Direct materials (700 x $4.70) $3,290 Conversion (700 x 20% x $1.35) 189 $3,479 Coffee beans added during August, 14,300 pounds Conversion costs during August 65,780 21,942 Work in process, August 31, 400 pounds, 42% completed Goods finished during August, 14,600 pounds All direct materials are placed in process at the beginning of production. a. Prepare a cost of production report, presenting the following computations: 1. Direct materials and conversion equivalent units of production for August onoin 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 b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). niwoll T

Managerial Accounting
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Author:Carl Warren, Ph.d. Cma William B. Tayler
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Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 7BE: In October, the cost of materials transferred into the Rolling Department from the Casting...
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Prepare a cost of production, presenting the following computations:

A.

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

B.

Commute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July)

bo b. Cost of units transferred to
c. Cost of ending work in process inventory on November 30
d. Costs per equivalent unit of direct materials and conversion included in the November 1
beginning work in process
e. The November increase or decrease in costs per equivalent unit for direct materials
and conversion from the previous month
monl
EX 20-16 Cost of production report
OBJ. 2, 4
The debits to Work in Process-Roasting Department for Morning Brew Coffee Company
for August, together with information concerning production, are as follows:
192
Work in process, August 1, 700 pounds, 20% completed
$ 3,479*
22
cel
*Direct materials (700 x $4.70)
$3,290
Conversion (700 × 20% × $1.35)
189
$3,479
upo od ol
boug
Coffee beans added during August, 14,300 pounds
65,780
Conversion costs during August
21,942
Work in process, August 31, 400 pounds, 42% completed
Goods finished during August, 14,600 pounds
?
008,8A
sta.atinu
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
ate noino 2. Direct materials and conversion costs per equivalent unit for August
3. Cost of goods finished during August ot oan
4. Cost of work in process at August 31
b. Compute and evaluate the change in cost per equivalent unit for direct materials and
conversion from the previous month (July).
ng lo
OBJ. 2, 4
EX 20-17 Cost of production report
Transcribed Image Text:bo b. Cost of units transferred to c. Cost of ending work in process inventory on November 30 d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process e. The November increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month monl EX 20-16 Cost of production report OBJ. 2, 4 The debits to Work in Process-Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: 192 Work in process, August 1, 700 pounds, 20% completed $ 3,479* 22 cel *Direct materials (700 x $4.70) $3,290 Conversion (700 × 20% × $1.35) 189 $3,479 upo od ol boug Coffee beans added during August, 14,300 pounds 65,780 Conversion costs during August 21,942 Work in process, August 31, 400 pounds, 42% completed Goods finished during August, 14,600 pounds ? 008,8A sta.atinu 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 ate noino 2. Direct materials and conversion costs per equivalent unit for August 3. Cost of goods finished during August ot oan 4. Cost of work in process at August 31 b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). ng lo OBJ. 2, 4 EX 20-17 Cost of production report
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