Cost of Production Report: Weighted Average Method The increases to Work in Process-Poasting Department for Highlands Coffee Company for May as well as information concerning production are as follows: 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. Recelved from materials storeroom Total units accounted for by the foasting Department Units to be assigned costs: Transferted to finished goods in May Inventory in process, May 31 Total units to be assigned costs Costs Costs Cost per equivalent unit: Total costs for May in Roasting Department Total equivaient 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