mapter 20 Homework Assignment eBook Print Item Cost of Production Report: Weighted Average Cost 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, 1,900 pounds, 40% completed Coffee beans added during May, 117,200 pounds Conversion costs during May Work in process, May 31, 1,100 pounds, 90% completed Goods finished during May, 118,000 pounds $16,660 574,720 241,550 Prepare a cost of production report, using the weighted average cost method. 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 to account for during production: Inventory in process, May 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Equivalent Units of Whole Units Production Transferred to finished goods in May Inventory in process, May 31