The debits to Work in Process—Roasting Department for Morning Brew Coffee Compan

Question

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

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.

If an amount is zero, enter in "0". For the cost per equivalent unit, round your answer to two decimal places.

Work in process, August 1, 1,000 pounds, 10% completed $4,160* *Direct materials (1,000 X $4) $4,000 Conversion (1,000 X 10% X $1.6) $160 $4,160 Coffee beans added during August, 31,000 pounds 122,450 Conversion costs during August 52,598 Work in process, August 31, 1,600 pounds, 40% completed ? Goods finished during August, 30,400 pounds ?

Explanation / Answer

Cost of Production Report-Roasting Department For the Month Ended August 31 Unit Information Units charged to production: Inventory in process, August 1 1000 Received from materials storeroom 31000 Total units accounted for by the Roasting Department 32000 Units to be assigned costs: Equivalent Units Whole Units Direct Materials Conversion Inventory in process, August 1 1000 0 900 Started and completed in August 29400 29400 29400 Transferred to Packing Department in August 30400 29400 30300 Inventory in process, August 31 1600 1600 640 Total units to be assigned costs 32000 31000 30940 Cost Information Costs per equivalent unit: Direct Materials Conversion Total costs for August in Roasting Department 122450 52598 Total equivalent units 31000 30940 Cost per equivalent unit 3.95 1.7 Costs charged to production: Direct Materials Conversion Total Inventory in process, August 1 4160 Costs incurred in August 175048 Total costs accounted for by the Roasting Department 179208 Cost allocated to completed and partially completed units: Inventory in process, August 1 balance 4160 To complete inventory in process, August 1 0 1530 1530 Cost of completed August 1 work in process 5690 Started and completed in August 116130 49980 166110 Transferred to Packing Department in August 171800 Inventory in process, August 31 6320 1088 7408 Total costs assigned by the Roasting Department 179208

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