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In: AccountingCost of Production ReportThe debits to Work in Process—Roasting Department for MorningBrew Coffee Company...Cost of Production ReportThe debits to Work in Process—Roasting Department for MorningBrew Coffee Company for August, together with informationconcerning production, are as follows:Work in process, August 1, 1,200 pounds, 50%completed$5,460**Direct materials (1,200 X $3.8)$4,560Conversion (1,200 X 50% X $1.5)900$5,460Coffee beans added during August, 38,000pounds142,500Conversion costs during August60,800Work in process, August 31, 2,000 pounds, 70%completed?Goods finished during August, 37,200 pounds?All direct materials are placed in process at the beginning ofproduction.a. Prepare a cost of production report,presenting the following computations:Direct materials and conversion equivalent units of productionfor August.Direct materials and conversion costs per equivalent unit forAugust.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 equivalentunit, round your answer to two decimal places.Morning Brew Coffee CompanyCostof Production Report-Roasting DepartmentForthe Month Ended August 31UnitInformationUnits charged toproduction:Inventory in process, August1Received from materialsstoreroomTotal units accounted for bythe Roasting DepartmentUnits to be assignedcosts:Equivalent UnitsWhole UnitsDirect Materials (1)Conversion (1)Inventory in process, August1Started and completed inAugustTransferred to finished goodsin AugustInventory in process, August31Total units to be assignedcostsCostInformationCost per equivalent unit:Direct MaterialsConversionTotal costs for August inRoasting Department$$Total equivalent unitsCost per equivalent unit(2)$$Costs assigned toproduction:Direct MaterialsConversionTotalInventory in process, August1$Costs incurred in AugustTotal costs accounted for bythe Roasting Department$Costs allocated to completedand partially completed units:Inventory in process, August 1balance$To complete inventory inprocess, August 1$$Cost of completed August 1 workin process$Started and completed inAugustTransferred to finished goodsin August (3)$Inventory in process, August 31(4)Total costs assigned by theRoasting Department$b. Compute and evaluate the change in cost perequivalent unit for direct materials and conversion from theprevious month (July). If required, round your answers to thenearest cent.Increase or DecreaseAmountChange in direct materials cost per equivalent unit$Change in conversion cost per equivalent unit$