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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