Cost of Production Report: Weighted average 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 DepartmentACCOUNT NO.

DateItemDebitCreditBalance

DebitCredit

Dec.1Bal., 19,400 units, 30% completed 74,690

31Direct materials, 335,600 units731,608 806,298

31Direct labor419,242 1,225,540

31Factory overhead603,300 1,828,840

31Goods transferred, 338,500 units ??

31Bal., ? units, 80% completed ?

Required:

Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in ProcessRoasting Department. Assume that direct materials are placed in process during production. If required, round your 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 charged to production:

Inventory in process, December 1fill in the blank 1

Received from materials storeroomfill in the blank 2

Total units accounted for by the Roasting Departmentfill in the blank 3

Units to be assigned costs:

Whole UnitsEquivalent Units of Production

Transferred to Packing Department in Decemberfill in the blank 4fill in the blank 5

Inventory in process, December 31fill in the blank 6fill in the blank 7

Total units to be assigned costsfill in the blank 8fill in the blank 9

Cost Information

Cost per equivalent unit:

Costs

Total costs for December in Roasting Department$fill in the blank 10

Total equivalent unitsfill in the blank 11

Cost per equivalent unit$fill in the blank 12

Costs assigned to production:

Inventory in process, December 1$fill in the blank 13

Costs incurred in Decemberfill in the blank 14

Total costs accounted for by the Roasting Department$fill in the blank 15

Costs allocated to completed and partially completed units:

Transferred to Packing Department in December$fill in the blank 16

Inventory in process, December 31fill in the blank 17

Total costs assigned by the Roasting Department$fill in the blank 18