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he increases to Work in ProcessRoasting Department for Highlands Coffee Company for May as well as information concerning production are as follows: Work in process,
he increases to Work in ProcessRoasting 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 |
Coffee beans added during May, 10,900 pounds | 28,600 |
Conversion costs during May | 12,504 |
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 | ||
Unit Information | ||
Units charged to production: | ||
Inventory in process, May 1 | fill in the blank 1 | |
Received from materials storeroom | fill in the blank 2 | |
Total units accounted for by the Roasting Department | fill in the blank 3 | |
Units to be assigned costs: | ||
Whole Units | Equivalent Units of Production | |
Transferred to finished goods in May | fill in the blank 4 | fill in the blank 5 |
Inventory in process, May 31 | fill in the blank 6 | fill in the blank 7 |
Total units to be assigned costs | fill in the blank 8 | fill in the blank 9 |
Cost Information | ||
Cost per equivalent unit: | ||
Costs | ||
Total costs for May in Roasting Department | $fill in the blank 10 | |
Total equivalent units | fill in the blank 11 | |
Cost per equivalent unit | $fill in the blank 12 | |
Costs assigned to production: | ||
Inventory in process, May 1 | $fill in the blank 13 | |
Costs incurred in May | fill in the blank 14 | |
Total costs accounted for by the Roasting Department | $fill in the blank 15 | |
Costs allocated to completed and partially completed units: | ||
Transferred to finished goods in May | $fill in the blank 16 | |
Inventory in process, May 31 | fill in the blank 17 | |
Total costs assigned by the Roasting Department | $fill in the blank 18 |
all the fill in the blanks I need help with and don't know how to start this question. Help me please thanks.
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