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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:?

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. 29,800 1 Bal., 14,900 units, 40% completed 31 Direct materials, 257,800 units 291,314 321,114 31 Direct labor 489,930 168,816 242,931 31 Factory overhead 732,861 31 Goods transferred, 260,000 units 31 Bal., 2 units, 90% completed ? Required: Prepare 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 14,900 257,800 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: 272,700 Whole Units Equivalent Units of Production 260,000 260,000 Transferred to Packing Department in December Inventory in process, December 31 12,700 11,430 Total units to be assigned costs 272,700 271,430 Cost Information Cost per equivalent unit: Costs 732,861 Total costs for December in Roasting Department Total equivalent units 271,430 2.70 29,800 ost per equivalent unit Costs assigned to production: Inventory in process, December 1 Costs incurred in December otal costs accounted for by the Roasting Department osts allocated to completed and partially completed units: Transferred to Packing Department in December 703,061 732,861 712,400 X Inventory in process, December 31 20,879 x Total costs assigned by the Roasting Department 733,279 x

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