Reference no: EM132715258
Problem - 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 -
Prepare a cost of production report for May, using the weighted average method. Assume that direct materials are placed in process during production.