Chapter 17 Homework (Application) Book Printem Cost of Production Report Average Cost Method The increases to Work in Process Roasting Department for Highlands Coffee Company for Hay as well as information concerning production are as follows: Work in process, May 1, 2,600 pounds, 20% completed $19,480 Coffee beans added during May, 160,400 pounds 672,170 Conversion costs during May 282,510 Work in process, May 31, 1,600 pounds, 60% completed Goods finished during May, 161,400 pounds Prepare a cost of production report for May, using the average cost method. It 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 charged to production Inventory in process, May 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: 8 Whole Units Equivalent Units of Pristic Chapter 17 Homework (Application) Book Units to be assigned costs Whole Units Equivalent unts of Production Transferred to shed good in May Inventory in proces, May Total is to be assigned costs Cost Information Cet per qvalent unti Costs Total costs for Main Roasting Department Totaleguivalent units Cost per equivalent une Costs assigned to production Inventory in process, May 1 Cassired in May tal costs accounted for by the Hosting Department Coststed to completed and partially completed units Transferred to in the goods May Inventory in proces, May 31 Totalcar assigned by the Roasting Department und di mo