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Question Content Area Cost of Production Report: Weighted Average Cost Method Sunrise Coffee...

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Accounting

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 31:
ACCOUNT Work in Process-Roasting Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
Dec. 1 Bal., 15,700 units, 30% completed 30,144
31 Direct materials, 271,600 units 296,044326,188
31 Direct labor 169,689495,877
31 Factory overhead 244,187740,064
31 Goods transferred, 274,000 units ??
31 Bal., ? units, 80% 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.

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