Reynolds 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 July 31, 2006:

Instructions
Prepare a cost of production report, using the average cost method, and identify the missing amounts for the Work in Process-Roasting Departmentaccount.

Transcribed Image Text:

ACCOUNT Work in Process-Roasting Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit July Bal, 20,000 units, 60% completed 31 Direct materials, 320,000 units 2,000,000 31 Direct labor 31 Factory overhead 31 Goods finished, 317,500 units 31 1 Bal. 2 units, 40% completed 132,000 2,132,000 2,768,100 3,722,100 636,100 954,000