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 6,000 24,000 30,000 Cost of unroasted beans and packaging
per pound $ 4.80 $ 6.50 Other costs: Direct labor $54,000 Indirect
materials 27,000 Other overhead 9,000 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.)