The increases to Work in Process—Roasting Department forHighlands Coffee Company for May as well as information concerningproduction are as follows:
| Work in process, May 1, 3,200 pounds, 50% completed | $44,050 |
| Coffee beans added during May, 197,400 pounds | 1,519,670 |
| Conversion costs during May | 638,700 |
| Work in process, May 31, 1,900 pounds, 80% completed | _ |
| Goods finished during May, 198,700 pounds | _ |
Prepare a cost of production report for May, using the averagecost method. If required, round cost per equivalent unit answers tothe nearest cent.
| Highlands Coffee Company |
| Cost of Production Report-Roasting Department |
| For the Month Ended May 31 |
| Unit Information |
| Units charged to production: |
| Inventory in process, May 1 | |
| Received from materials storeroom | |
| Total units accounted for by the RoastingDepartment | |
| Units to be assigned costs: |
| Whole Units | Equivalent Units of Production |
| Transferred to finished goods in May | | |
| Inventory in process, May 31 | | |
| Total units to be assigned costs | | |
| Cost Information |
| Cost per equivalent unit: |
| Costs |
| Total costs for May in Roasting Department | $ |
| Total equivalent units | |
| Cost per equivalent unit | $ |
| Costs assigned to production: |
| Inventory in process, May 1 | $ |
| Costs incurred in May | |
| Total costs accounted for by the RoastingDepartment | $ |
| Costs allocated to completed and partiallycompleted units: | |
| Transferred to finished goods in May | $ |
| Inventory in process, May 31 | |
| Total costs assigned by the RoastingDepartment | $ |
