CoursHeroTranscribedText: Organic Grounds produces two brands of coffee: Star and Bucks. The two coffees are...
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Accounting
CoursHeroTranscribedText: Organic Grounds produces two brands of coffee: Star and Bucks. The two coffees are produced in one factory using the same production process. The only difference between the two coffees is the cost of the unroasted coffee beans. The following data are available for February: Star Bucks Total Number of pounds of coffee produced 14,000 56,000 70,000 Cost of unroasted beans and packaging per pound is 4.70 $ 7.00 Other costs: Direct labor $126,000 Indirect materials 63,000 Other overhead 21.000 Required: Organic Grounds uses operations costing and assigns conversion costs based on the number of pounds of coffee produced. Compute the cost unit of each brand of coffee produced in February. (Do not round intermediate calculations. Round "Cost per pound" to 2 decimal places.) Conversion cost Materials cost Total cost Number of pounds Cost per pound
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