Question

ACCOUNT Work in Process-Roasting Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 69,966 Dec. 1 Bal., 16,900 units, 25% completed 31 Direct materials, 292,400 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 294,900 units 31 Bal., 2 units, 75% completed Required: 687,140 391,474 563,340 757,105 1,148,580 1,711,920 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: 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

Cost of Production Report Roasting Department
For the Month Ended December 31
	Unit Information
Units to account for during production:
Inventory in process, December 1	16900
Received from materials storeroom	292400
Total units accounted for by the Roasting Department	309300
Units to be assigned costs:
	Whole Units	Equivalent Units of Production
Transferred to Packing Department in December	294900	294900
Inventory in process, December 31	14400	10800
Total units to be assigned costs	309300	305700
	Cost Information
Cost per Equivalent unit:
		Costs
Total costs for December in Roasting Department		1711920
Total equivalent units		305700
Cost per equivalent unit		5.60
Costs assigned to production:
Inventory in process, December 1		69966
Costs incurred in December		1641954
Total costs accounted for by the Roasting Department		1711920
Costs allocated to completed and partially completed units:
Transferred to Packing Department in December		1651440	=294900*5.60
Inventory in process, December 31		60480	=10800*5.60
Total costs assigned by the Roasting Department		1711920