oducion Report: 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, 1,150 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, using the 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 Whole Units Units of Production Transferred to finished goods in May Inventory in process, May 31 Total units to be assigned costs Cost Information Check My Work 5 more Check My Work uses remaining. Whole Units Equivalent Units of Productions Transfemed to Snished goods in May Inventory in proces, May 31 Total units to be assigned costs Cost Information Costs per equivalent unit Costs Total costs for May in Roasting Department Total equivalent units Cost per equlvalent 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