300.00 Chapter 20 Homework Cost of Production Report: Average Cost Method The increases to Work in Process --Roasting Department for Highlands Coffee Company for May as well as information concerning production are as follows: Work in process, May 1, 1,700 pounds, 30% $21.300 completed Coffee beans added during May, 104,900 pounds 724,850 Conversion costs during May Work in process, May 31, 1,000 pounds, 90% completed Goods finished during May, 105,600 pounds Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit answers to the nearest cent. Highlands Coffee Company Cost of Production Report-Roasting Department For the Month Ended May 31 Unit Information Units to account for during production: Inventory in proces, May 1 Received from materials toreroom Total units accounted for by the Roasting Department Units to be assigned costs: Whole quant Production Transferred to finished good in May Inventory in proces, May 31 Total units to be signed casts Cost Information Costs per equivalent unit: Total costs for May in Hosting Department Total equivalents Cost per equivalent unit Costs assigned to production: Inventory in process, Mart Costs incurred in May Total costs counted for by the Roasting Department Costs allocated to completed and partially completed units: Transferred to finished goods in Pay Inventory in process, May 31 Total costs assigned by the Roasting Department Units of Costa