1. The increases to Work in ProcessRoasting Department for Highlands Coffee Company for May as well as information concerning production are as follows:

   Work in process, May 1, 1,600 pounds, 30% completed	$28,000
   Coffee beans added during May, 98,700 pounds	966,000
   Conversion costs during May	406,000
   Work in process, May 31, 1,000 pounds, 70% completed	_
   Goods finished during May, 99,300 pounds	_

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

   Highlands Coffee Company
   Cost of Production Report-Roasting Department
   For the Month Ended May 31
   Unit Information
   Units charged to production:
   Inventory in process, May 1
   Received from materials storeroom
   Total units accounted for by the Roasting Department
   Units to be assigned costs:
   	Whole Units	Equivalent Units of Production
   Transferred to finished goods in May
   Inventory in process, May 31
   Total units to be assigned costs
   Cost Information
   Cost per equivalent unit:
   		Costs
   Total costs for May in Roasting Department
   Total equivalent units
   Cost per equivalent unit
   Costs assigned to production:
   Inventory in process, May 1
   Costs incurred in May
   Total costs accounted for by the Roasting Department
   Costs allocated to completed and partially completed units:
   Transferred to finished goods in May
   Inventory in process, May 31
   Total costs assigned by the Roasting Department