Question: The increases to Work in ProcessRoasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in

The increases to Work in ProcessRoasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows:

Work in process, March 1, 1,100 pounds, 10% completed $15,150
Coffee beans added during March, 67,900 pounds 522,650
Conversion costs during March 219,660
Work in process, March 31, 700 pounds, 80% completed _
Goods finished during March, 68,300 pounds _

Prepare a cost of production report, using the average cost method. If required, round cost per equivalent unit answers to the nearest cent.

Boston Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended March 31, 2016
Unit Information
Units to account for during production:
Inventory in process, March 1 fill in the blank 1
Received from materials storeroom fill in the blank 2
Total units accounted for by the Roasting Department fill in the blank 3
Units to be assigned costs:
Whole Units Equivalent Units of Production
Transferred to finished goods in March fill in the blank 4 fill in the blank 5
Inventory in process, March 31 fill in the blank 6 fill in the blank 7
Total units to be assigned costs fill in the blank 8 fill in the blank 9
Cost Information
Costs per equivalent unit:
Costs
Total costs for March in Roasting Department $fill in the blank 10
Total equivalent units fill in the blank 11
Cost per equivalent unit $fill in the blank 12
Costs assigned to production:
Inventory in process, March 1 $fill in the blank 13
Costs incurred in March fill in the blank 14
Total costs accounted for by the Roasting Department $fill in the blank 15
Costs allocated to completed and partially completed units:
Transferred to finished goods in March $fill in the blank 16
Inventory in process, March 31 fill in the blank 17
Total costs assigned by the Roasting Department $fill in the blank 18

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