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:

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.

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 Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 11,100 units, 60% completed 28,749 31 Direct materials, 192,000 units 282,240 310,989 31 Direct labor 153,152 464,141 31 Factory overhead 220,389 684,530 31 Goods transferred, 193,700 units ? ? 31 Bal., 2 units, 20% completed ? Required: 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. 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 1 11,100 Received from materials storeroom 28,749 X Total units accounted for by the Roasting Department Units to be assigned costs: Whole Units Equivalent Units of Production Transferred to Packing Department in December Inventory in process, December 31 Total units to be assigned costs Cost Information Cost per equivalent unit: Costs Total costs for December in Roasting Department Total equivalent units Cost per equivalent unit $ Costs assigned to production: Inventory in process, December 1 $ Costs incurred in December Total costs accounted for by the Roasting Department $ Costs allocated to completed and partially completed units: Transferred to Packing Department in December $ Inventory in process, December 31 Total costs assigned by the Roasting Department $ Feedback Check My Work Determine the number of whole units to be accounted for and to be assigned costs. Calculate the equivalent units for the units transferred and the units in the ending inventory. Consider the number of units that were started and completed in the period. Also calculate how many units were started but still in process at the end of the period. How complete are the units in ending work in process