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, 900 pounds, 30% completed Coffee beans added during May, 55,500 pounds Conversion costs during May Work in process, May 31, 500 pounds, 80% completed Goods finished during May, 55,900 pounds $11,260 388,470 163,270 Prepare a cost of production report for May, 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 charged to production: Inventory in process, May 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Transferred to finished goods in May Inventory in process, May 31 Total units to be assigned costs Whole Equivalent Units Units of Production Cost per equivalent unit: Cost Information Total costs for May in Roasting Department Total equivalent units Cost per equivalent 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 Costs