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Prepare a cost of production report for May

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Reference no: EM132777500

Problem - The increases to Work in Process-Roasting Department for Highlands Coffee Company for May as well as information concerning production are as follows:

Work in process, May 1, 1,150 pounds, 40% completed $ 1,700

Coffee beans added during May, 10,900 pounds 28,600

Conversion costs during May 12,504

Work in process, May 31, 800 pounds, 80% completed -

Goods finished during May, 11,250 pounds -

Prepare a cost of production report for May, using the weighted average method. Assume that direct materials are placed in process during production.

Reference no: EM132777500

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