The debits to Work in Process—Roasting Department for Daybreak Brew Coffee Company for August, together with information concerning production, are as follows: Work in process, August 1, 1,200 pounds, 30% completed $5,970*
*Direct materials (1,200 × $4.15)$4,980
Conversion (1,200 × 30% × $2.75)990
$5,970
Coffee beans added during August, 19,800 pounds $81,180
Conversion costs during August 59,334
Work in process, August 31, 900 pounds, 80% completed ?
Goods finished during August, 20,100 pounds ?
All direct materials are placed in process at the beginning of production.
a. Prepare a cost of production report, presenting the following computations:
Direct materials and conversion equivalent units of production for August
Direct materials and conversion costs per equivalent unit for August
Cost of goods finished during August
Cost of work in process at August 31
If an amount box does not require an entry, leave it blank. For the cost per equivalent unit, round your answer to the nearest cent.
Daybreak Brew Coffee Company
Cost of Production Report—Roasting Department
For the Month Ended August 31
Unit Information
Units charged to production:
Inventory in process, August 1fill in the blank 269602f7afcafda_1
Received from materials storeroomfill in the blank 269602f7afcafda_2
Total units accounted for by the Roasting Departmentfill in the blank 269602f7afcafda_3
Units to be assigned costs:
Equivalent Units
Whole
UnitsDirect
Materials
(1)
Conversion
(1)
Inventory in process, August 1fill in the blank 269602f7afcafda_4fill in the blank 269602f7afcafda_5fill in the blank 269602f7afcafda_6
Started and completed in Augustfill in the blank 269602f7afcafda_7fill in the blank 269602f7afcafda_8fill in the blank 269602f7afcafda_9
Transferred to finished goods in Augustfill in the blank 269602f7afcafda_10fill in the blank 269602f7afcafda_11fill in the blank 269602f7afcafda_12
Inventory in process, August 31fill in the blank 269602f7afcafda_13fill in the blank 269602f7afcafda_14fill in the blank 269602f7afcafda_15
Total units to be assigned costsfill in the blank 269602f7afcafda_16fill in the blank 269602f7afcafda_17fill in the blank 269602f7afcafda_18
Cost Information
Costs per equivalent unit:
Direct MaterialsConversion
Total costs for August in Roasting Department$fill in the blank 269602f7afcafda_19$fill in the blank 269602f7afcafda_20
Total equivalent unitsfill in the blank 269602f7afcafda_21fill in the blank 269602f7afcafda_22
Cost per equivalent unit (2)$fill in the blank 269602f7afcafda_23$fill in the blank 269602f7afcafda_24
Costs assigned to production:
Direct MaterialsConversionTotal
Inventory in process, August 1 $fill in the blank 269602f7afcafda_25
Costs incurred in August fill in the blank 269602f7afcafda_26
Total costs accounted for by the Roasting Department $fill in the blank 269602f7afcafda_27
Costs allocated to completed and partially completed units:
Inventory in process, August 1 balance $fill in the blank 269602f7afcafda_28
To complete inventory in process, August 1fill in the blank 269602f7afcafda_29$fill in the blank 269602f7afcafda_30fill in the blank 269602f7afcafda_31
Cost of completed August 1 work in process $fill in the blank 269602f7afcafda_32
Started and completed in Augustfill in the blank 269602f7afcafda_33fill in the blank 269602f7afcafda_34fill in the blank 269602f7afcafda_35
Transferred to finished goods in August (3) $fill in the blank 269602f7afcafda_36
Inventory in process, August 31 (4)fill in the blank 269602f7afcafda_37fill in the blank 269602f7afcafda_38fill in the blank 269602f7afcafda_39
Total costs assigned by the Roasting Department $fill in the blank 269602f7afcafda_40
b. Compute and evaluate the change in cost per equivalent unit for direct materials and conversion from the previous month (July). If required, round your answers to two decimal places.
Increase or DecreaseAmount
Change in direct materials cost per equivalent unit $fill in the blank 8688fd023f94fe2_2
Change in conversion cost per equivalent unit fill in the blank 8688fd023f94fe2_4