Question

Cost of Production Report: Weighted average method 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 Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 18,400 units, 80% completed 66,792 31 Direct materials, 318,300 units 655,698 722,490 31 Direct labor 358,271 1,080,761 31 Factory overhead 515,561 1,596,322 31 Goods transferred, 321,100 units 31 Bal., 2 units, 30% completed

Answer 1

Sunrise Coffee Company
Production Cost Report
For the month ended Dec 31
Unit Information
Units charged to production:
Units in begining inventory	18400
Rec from material store	318300
Units to be accounted for	336700
Units to be assigned cost:
	Whole Units	Equivalent Units
Transferred to packing dept.	321100	321100
Inventory in process, Dec 31	15600	4680
Total units to be assigned cost	336700	325780
Costs Information:
Cost per Equivalent Unit
		Costs
Total cost for dec in roasting Dept.	1596322
Total Equivalanet Units		325780
Cost per equivalnet units		4.90
Costs Assiggned to production
Inventory in Process Dec 1		66792
Cost incurred in december		1529530
Total Cost accounted for by roasting dept.	1596322
Cost allocated to completed and partially completed units
Transferred to packing dept.		1573390
Inventory in Dec 31		22932
Total cost assigned		1596322