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Prepare a cost of production report for may

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Reference no: EM132638283

Cost of Production Report: Weighted average method

The increases to Work in Process-Roasting Department for Highlands Coffee Company for May as well as information concerning production are as follows:

Work in process, May 1, 1,150 pounds, 40% completed $1,700

Coffee beans added during May, 10,900 pounds 28,600

Conversion costs during May 12,504

Work in process, May 31, 800 pounds, 80% completed _

Goods finished during May, 11,250 pounds _

Question 1: The assignment says prepare a cost of production report for May, using the Weighted average method. Assume that direct materials are placed in process during production. If required, round cost per equivalent unit answers to the nearest cent.

Reference no: EM132638283

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