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, 3,100 pounds, 20% completed Coffee beans added during May, 191,300 pounds $23,290 803,240 337,590 Conversion costs during May Work in process, May 31, 1,900 pounds, 80% completed Goods finished during May, 192,500 pounds Prepare a cost of production report for May, 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 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: Transferred to finished goods in May Inventory in process, May 31 Total units to be assigned costs Whole Equivalent Units Units of Production