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., 17,600 units, 30% completed 36,432

31Direct materials, 304,500 units359,310 395,742

31Direct labor204,073 599,815

31Factory overhead293,665 893,480

31Goods transferred, 307,100 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.

Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in Process --Roasting Department. Assume that direct materials are placed in process during production, required, round your cost per equivalent unitawwer 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 Receved from materials storeroom Total units accounted for by the Hosting Department Units to be assigned costat Whole Equivalent Units Units of Production Transferred to Packing Department in December Inventory in proces, December Total units to be signed costs Cost formation Cost per equivalent Costs Total costs for December in Hosting Department Totalt Cost per gent un Costs assigned to production Inventory in process, December Costs incurred in December Total cost accounted for by the Roaring Department Con located to completed and partially completed units Transferred to Packing Department in December Inventory in process, December 31 Total costs assigned by the lasting Department