20-3 Excercises & Problems Cost of Production Report The debits to work in Proce
ID: 2513850 • Letter: 2
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20-3 Excercises & Problems Cost of Production Report The debits to work in Proces-Roesting Department for Moring 8 e work in process, August 1, 1,200 pounds, 30% completed Coffee Compemy for August, together with infor etion concern ng production are a3 folloM9; 6.720 Direct materials (1,200 x $5) Conversion (1,200 X 30% X $2) s6,0o0 $720 $6,720 Ceffee beane added during Auguet, 3s,coo pounde Conversion costs during August work in process, August 31, 2,000 pounds, 30% completed Goods finished during August, 37,200 pounds 108,i00 78,624 All direct materials are placed in process at the beginning of production a. Prepare ? cost of production report, presenting the following computations: 1. Direct materiale and converaion equivalent units of praduction for August. 2. Diret materials and converian costs per equivalent unit fer August. 3. Cost of goods finished during August. 4. Cost of work in process at August 31. if an amount is zero, enter in o", For the cost per equivalent unt, round your anewer to two decimal places Monning Brew Coffee Company For the Month Ended August 31 Units cherged to production: Inventory in process, August Received from materias storeroom Totel units ecccunted For by the Rossting Depertment Units to be assigned costs Equivalent Units Whole Direct Units Materials Check My Work 2 mono Chock My Work uos romining Previcus Next signment Score: 50% Email Instructor Save and Exit Submit Assignment for GradingExplanation / Answer
Cost of Production Report-Roasting Department For the Month Ended August 31 Unit Information Units charged to production: Inventory in process, August 1 1200 Received from materials storeroom 38000 Total units accounted for by the Roasting Department 39200 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, August 1 1200 0 840 Started and completed in August 36000 36000 36000 Transferred to Packing Department in August 37200 36000 36840 Inventory in process, August 31 2000 2000 600 Total units to be assigned costs 39200 38000 37440 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department 188100 78624 Total equivalent units 38000 37440 Cost per equivalent unit 4.95 2.1 Costs charged to production: Direct Materials Conversion Total Inventory in process, August 1 6720 Costs incurred in August 266724 Total costs accounted for by the Roasting Department 273444 Cost allocated to completed and partially completed units: Inventory in process, August 1 balance 6720 To complete inventory in process, August 1 0 1764 1764 Cost of completed August 1 work in process 8484 Started and completed in August 178200 75600 253800 Transferred to Packing Department in August 262284 Inventory in process, August 31 9900 1260 11160 Total costs assigned by the Roasting Department 273444 2 Increase or Decrease Amount Change in direct materials cost per equivalent unit Decrease 0.05 Change in conversion cost per equivalent unit Increase 0.1
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