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, 1,000 pounds, 20% completed $2,800*
*Direct materials (1,000 X $3.4) $3,400
Conversion (1,000 X 50% X $1.4) $700

$4,100

Coffee beans added during August, 31,000 pounds 103,850
Conversion costs during August 46,050
Work in process, August 31, 1,600 pounds, 50% completed ?
Goods finished during August, 30,400 pounds ?

All direct materials are placed in process at the beginning of production.

Required:
Prepare a cost of production report, presenting the following computations:

a. Direct materials and conversion equivalent units of production for August.
b. Direct materials and conversion costs per equivalent unit for August.
c. Cost of goods finished during August.
d. Cost of work in process at August 31.

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii