Question
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
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 DepartmentACCOUNT NO.DateItemDebitCreditBalanceDebitCreditDec.1Bal., 16,400 units, 60% completed 55,760 31Direct materials, 283,700 units547,541 603,301 31Direct labor297,663 900,964 31Factory overhead428,344 1,329,308 31Goods transferred, 286,200 units ?? 31Bal., ? units, 20% completed ?Required:
Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in ProcessRoasting Department. Assume that direct materials are placed in process during production. If required, round your cost per equivalent unit answer to two decimal places.
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