Cost of Production Report The debits to Work in Process—Roasting Department for Morning Brew Coffee Company...

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, 1,100 pounds, 60% completed			$4,884*
	*Direct materials (1,100 X $3.6)	$3,960
	Conversion (1,100 X 60% X $1.4)	924
		$4,884
Coffee beans added during August, 34,000 pounds			120,700
Conversion costs during August			50,310
Work in process, August 31, 1,800 pounds, 50% completed			?
Goods finished during August, 33,300 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.

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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