Morning Brew Coffee Company produced 24,500 pounds of coffee during August. Their beginning work in process was 800 pounds at 10% completion, costing $4,496. They added 25,000 pounds of coffee beans at a cost of $133,750 and incurred $57,960 in conversion costs. Their ending work in process was 1,300 pounds at 60% completion.
The debits to Work in ProcessRoasting Department for Mornin.pdf
1. The debits to Work in ProcessRoasting Department for Morning Brew Coffee Company for August,
together with information concerning production, are as follows: Work in process, August 1, 800
pounds, 10% completed $4,496* *Direct materials (800 X $5.40) $4,320 Conversion (800 X 10% X
$2.20) 176 $4,496 Coffee beans added during August, 25,000 pounds 133,750 Conversion costs
during August 57,960 Work in process, August 31, 1,300 pounds, 60% completed ? Goods
finished during August, 24,500 pounds ? Question Content Area 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.