Cost of Production Report: Average Cost Method

The increases to Work in ProcessRoasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows:

Work in process, March 1, 3,100 pounds, 40% completed	$31,070
Coffee beans added during March, 191,300 pounds	1,072,040
Conversion costs during March	450,570
Work in process, March 31, 1,900 pounds, 90% completed	_
Goods finished during March, 192,500 pounds	_

Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit answers to the nearest cent.

Boston Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended March 31, 2016
Unit Information
Units to account for during production:
Inventory in process, March 1
Received from materials storeroom
Total units accounted for by the Roasting Department
Units to be assigned costs:
	Whole Units	Equivalent Units of Production
Transferred to finished goods in March
Inventory in process, March 31
Total units to be assigned costs
Cost Information
Costs per equivalent unit:
		Costs
Total costs for March in Roasting Department		$
Total equivalent units
Cost per equivalent unit		$
Costs assigned to production:
Inventory in process, March 1		$
Costs incurred in March
Total costs accounted for by the Roasting Department		$
Costs allocated to completed and partially completed units:
Transferred to finished goods in March		$
Inventory in process, March 31
Total costs assigned by the Roasting Department		$