Cost of Production Report: Average Cost Method

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

Work in process, May 1, 1,150 pounds, 40% completed	$ 1,700
Coffee beans added during May, 10,900 pounds	28,600
Conversion costs during May	12,504
Work in process, May 31, 800 pounds, 80% completed	_
Goods finished during May, 11,250 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, 2016
Unit Information
Units to account for during production:
Inventory in process, May 1		fill in the blank 417af0fe8fcf04c_1
Received from materials storeroom		fill in the blank 417af0fe8fcf04c_2
Total units accounted for by the Roasting Department		fill in the blank 417af0fe8fcf04c_3
Units to be assigned costs:
	Whole Units	Equivalent Units of Production
Transferred to finished goods in May
Inventory in process, May 31
Total units to be assigned costs
Cost Information
Costs per equivalent unit:
		Costs
Total costs for May in Roasting Department
Total equivalent units
Cost per equivalent unit
Costs assigned to production:
Inventory in process, May 1
Costs incurred in May		fill in the blank 417af0fe8fcf04c_14
Total costs accounted for by the Roasting Department		$fill in the blank 417af0fe8fcf04c_15
Costs allocated to completed and partially completed units:
Transferred to finished goods in May		$fill in the blank 417af0fe8fcf04c_16
Inventory in process, May 31		fill in the blank 417af0fe8fcf04c_17
Total costs assigned by the Roasting Department		$fill in the blank 417af0fe8fcf04c_18