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eBook Print Item Cost of Production Report The debits to Work in Process-Roasting Department for...

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eBook Print Item Cost of Production Report The debits to Work in Process-Roasting Department for St. Arbucks Coffee Company for July 2016, together with information concerning production, are as followss Work in process, July 1, 500 pounds, 40% completed $1,450* Direct materials (500 X $2.5) Conversion (500 x 40% x $1) $1,250 $200 $1,450 Coffee beans added during July, 16,000 pounds Conversion costs during July Work in process, July 31, 800 pounds, 50% completed Goods finished during July, 15,700 pounds All direct materials are placed in process at the beginning of production a. Prepare a cost of production report, presenting the following computations 39,200 17,490 1. Direct materials and conversion equivalent units of production for July 2. Direct materials and conversion costs per equivalent unit for July. 3. Cost of goods finished during July. 4. Cost of work in process at July 31, 2016. If an amount is zero, enter in "0 For the cost per equivalent unit, round your answer to two decimal places. St. Arbucks Coffee Company Cost of Production Report Roasting Department For the Month Ended July 31, 2016 Check My Work 3 more Check My Work uses remaining Previa Email instructor Save and Exit Submit Ass 2

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