Cost of Production Report: Weighted 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, 1,000 pounds, 10% completed $17.490 603,360 253,590 Coffee beans added during May, 61,700 pounds Conversion costs during May Work in process, May 31, 600 pounds, 60% completed Goods finished during May, 62,100 pounds Prepare a cost of production report, using the welghted 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 to account for during production: Inventory in process, May 1 Received from materials storeroom Total units accounted for by the Roasting Department Prepare a cost of production report, using the weighted 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 to account for during production: Inventory in process, May 1 Received from materials storeroom 8 Total units accounted for by the Roasting Department Units to be assigned costs: whole Equivalent Units Units of Production Transferred to finished goods in May Inventory in process, May 31 52 Total units to be assigned costs Cost Information Costs per equivalent unit: Costs TITUT ET UT Production Transferred to finished goods in May Inventory in process, May 31 8 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 Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by the Roasting Department