Question: Please solve using the Weighted average method Dip in coffee roasts and packs coffee beans. Their method begins at the Roasting Department. The coffee beans

Please solve using the Weighted average method

Dip in coffee roasts and packs coffee beans. Their method begins at the Roasting Department. The coffee beans are then transferred to the Packing center. The following is a partial work in process account of the Roasting Department at December 31:

ACCOUNT Partial Work in Process-Roasting Department ACCOUNT NO.
Date Item Debit Credit Balance
Debit Credit
Dec. 1 Ballance 14,300 units, 30% completed 58,201
31 Direct materials, 247,400 units 571,494 629,695
31 Direct labor 326,456 956,151
31 Factory overhead 469,779 1,425,930
31 Goods transferred, 249,500 units ? ?
31 Ballance ? units, 80% completed ?

Create a cost of production report, only using the weighted average method, and solve the missing amounts sections for Work in Process, Roasting Department. Assume that direct materials are placed in process during production.

Dip in Coffee Co.
Cost of Production Report, Roasting Department
For the Month Ended December 31
Unit Information
Units charged for production:
Inventory in process, December 1 ?
Received from material storeroom ?
Total units accounted for by the Roasting Department ?
Units to be assigned a cost:
Whole Units Equivalent Units of Production
Moved to Packing Department in December ? ?
Inventory in process, December 31 ? ?
Total units to be assigned a cost ? ?
Cost Information
Cost per equivalent unit:
Costs
Total costs for December in Roasting Department ?
Total equivalent units ?
Cost per equivalent unit ?
Costs assigned to production:
Inventory in process, December 1 ?
Costs incurred for December ?
Total costs accounted for by the Roasting Department ?
Costs allocated for completed and partially completed units: ?
Transferred to Packing Department in December ?
Inventory in process, December 31 ?
Total costs assigned by the Roasting Department ?

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