Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cost of production report the debits to work in pr

Cost of Production Report The debits to Work in Process-Roasting Department for Morning Brew Coffee...

80.2K

Verified Solution

Question

Accounting

image

image

image

Cost of Production Report The debits to Work in Process-Roasting Department for Morning Brew Coffee Company for August, together with information concerning production, are as follows: work in process, August 1, 700 pounds, 60% completed $3,724* Direct materials (700 x$4.3) Conversion (700 X 60% X $1.7) $3,010 $714 $3,724 Coffee beans added during August, 22,000 pounds Conversion costs during August work in process, August 31, 1,100 pounds, 40% completed Goods finished during August, 21,600 pounds All direct materials are placed in process at the beginning of production. a. Prepare a cost of production report, presenting the following computations: 93,500 38,916 1. Direct materials and conversion equivalent units of production for August. 2. Direct materials and conversion costs per equivalent unit for 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 unit, round your answer to two decimal places. Morning Brew Coffee Company Cost of Production Report-Roasting Department For the Month Ended 31 Units charged to production Inventory in process, August 1 Received from materials storeroom Check My Work 2 more Check My Work uses remaining

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students