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Cost of Production Report:Average Cost Method Sunrise Coffee Company roasts and packs coffee beans. The process begins in the Roasting Department. From the Roasting Department,
Cost of Production Report:Average Cost 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 Credit Debit 21,516 231,644 352,555 526,548 Dec. 1 Bal., 13,200 units, 30% completed 31 Direct materials, 228,400 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 230,300 units 31 Bal., 2 units, 80% completed 210,128 120,911 173,993
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