Question Content Area
Cost of Production Report: Weighted Average Cost 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 :
ACCOUNT Work in ProcessRoasting Department ACCOUNT NO
Date Item Debit Credit Balance
Debit Credit
Dec. Bal., units, completed
Direct materials, units
Direct labor
Factory overhead
Goods transferred, units
Bal., units, completed
Required:
Prepare a cost of production report, using the weighted average cost method, and identify the missing amounts for Work in ProcessRoasting Department. If required, round your cost per equivalent unit answer to the nearest cent.
