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# Equivalent Units of Production: Weighted average method The following information concerns production in the Finishing Department...

## Question

###### Equivalent Units of Production: Weighted average method The following information concerns production in the Finishing Department...

Equivalent Units of Production: Weighted average method

The following information concerns production in the Finishing Department for May. The Finishing Department uses the Weighted average method.

 ACCOUNT Work in Process—Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 14,900 units, 65% completed 74,500 31 Direct materials, 73,000 units 222,650 297,150 31 Direct labor 138,000 435,150 31 Factory overhead 140,300 575,450 31 Goods transferred, 77,500 units 554,125 21,325 31 Bal., ? units, 25% completed 21,325

a. Determine the number of units in work in process inventory at the end of the month.
units

b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. Assume that direct materials are placed in process during production.

 Whole units to be accounted for units Whole units to be assigned costs units Equivalent units of production units

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