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 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.
Date		Item	Debit		Credit	Balance
						Debit		Credit
Dec.	1	Bal., 11,900 units, 60% completed				39,627
	31	Direct materials, 205,900 units	389,151			428,778
	31	Direct labor	211,134			639,912
	31	Factory overhead	303,828			943,740
	31	Goods transferred, 207,700 units			?	?
	31	Bal., ? units, 20% completed				?

Required:

Prepare a cost of production report, using the weighted average method, and identify the missing amounts for Work in Process—Roasting Department. Assume that direct materials are placed in process during production. If required, round your cost per equivalent unit answer to two decimal places.

Sunrise Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended December 31
Unit Information
Units charged to production:
Inventory in process, December 1
Received from materials storeroom
Total units accounted for by the Roasting Department
Units to be assigned costs:
	Whole Units	Equivalent Units of Production
Transferred to Packing Department in December
Inventory in process, December 31
Total units to be assigned costs
Cost Information
Cost per equivalent unit:
		Costs
Total costs for December in Roasting Department		$
Total equivalent units
Cost per equivalent unit		$
Costs assigned to production:
Inventory in process, December 1		$
Costs incurred in December
Total costs accounted for by the Roasting Department		$
Costs allocated to completed and partially completed units:
Transferred to Packing Department in December		$
Inventory in process, December 31
Total costs assigned by the Roasting Department		$

Answer 1

Answer is given below with working

format is slightly modified to understand the working

Goods transferred, 207,700 units $934,650 Bal., 10, 100 units, 20% completed $9,090 Unit Information Units charged to production: Inventory in process, December 1 Received from materials storeroom Total Units To Account for 11,900 205,900 217,800 % Whole units EUP Units Completion Units Completed during Period: Transferred to Packing Department in December inventory in process, December 31 Total units to be assigned costs 207,700 10,100 217,800 100% 20% 207,700 2,020 209,720 Cost per equivalent unit of production Cost from Beginning WIP Inventory Current Period Costs Total costs for December in Roasting Department Equivalent units of production Cost per equivalent unit of production (rounded to 2 decimal places) Total Cost $39,627 $904,113 $943,740 209,720 $4.50 Costs assigned to production: Inventory in process, December 1 Costs incurred in December Total costs accounted for by the Roasting Department Costs $39,627 $904,113 $943,740 EUP Cost per EUP Total Cost 207,700 $4.50 $934,650 Costs allocated to completed and partially completed units: Transferred to Packing Department in December Total cost transferred out Inventory in process, December 31 Total costs assigned by the Roasting Department Total Cost assigned 2,020 $4.50 $9,090 $943,740