Cost of Production Report: Weighted Average 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 $1,1,150$ pounds, $40\%$ completed

$$1,700$

$28,600$

$12,504$

Coffee beans added during May, $10,900$ pounds

Conversion costs during May

Work in process, May $31,800$ pounds, $80\%$ completed

Goods finished during May, $11,250$ pounds

Prepare a cost of production report for May, using the Weighted average method. Assume that direct materials are placed in process during production. 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 $31$