Cost of Production Report: Average Cost Method

Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department, the coffee beans are transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at December 31:

ACCOUNT Work in Process-Roasting Department					ACCOUNT NO.
Date		Item	Debit		Credit	Balance
						Debit		Credit
Dec.	1	Bal., 19,500 units, 80% completed				34,710
	31	Direct materials, 337,400 units	340,774			375,484
	31	Direct labor	185,807			561,291
	31	Factory overhead	267,381			828,672
	31	Goods transferred, 340,300 units			?	?
	31	Bal., ? units, 30% completed				?

Required: Prepare a cost of production report, using the average cost method, and identify the missing amounts for Work in Process --Roasting Department. If require cost per equivalent unit answer to two decimal places Sunrise Coffee Company Cost of Production Report Roasting Department For the Month Ended December 31 Unit Information Units to account for during production Inventory in process, December 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Whole Equivalent Units Units of Production Transferred to Packing Department in December Inventory in process, Dec er 31 Total units to be assigned costs Cost Information Unit costs: Costs Total costs for December in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to productio: Inventory in process, December 1 Costs incurred in December Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units Transferred to Packing Department in December Inventory in process, December Total costs assigned by the Roasting Department 88 10 DOI doo