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Cost of Production Report The debits to Work in ProcessRoasting Department for Morning Brew Coffee...

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Accounting

Cost of Production Report

The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows:

Work in process, August 1, 500 pounds, 60% completed$3,150**Direct materials (500 X $5.10)$2,550Conversion (500 X 60% X $2.00)600$3,150Coffee beans added during August, 16,000 pounds80,800Conversion costs during August33,180Work in process, August 31, 800 pounds, 50% completed?Goods finished during August, 15,700 pounds?

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

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

  1. Direct materials and conversionequivalent units of productionfor August
  2. Direct materials and conversioncosts per equivalent unitfor August
  3. Cost of goods finished during August
  4. Cost of work in process at August 31

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