Appendix EX 20-26 Equivalent units of production: average cost method The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process-Finishing Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit May 1 Bal., 4,200 units, 70% completed 36,500 31 Direct materials, 23,600 units 125,800 162,300 31 Direct labor 75,400 237,700 31 Factory overhead 82,675 320,375 31 Goods transferred, 24,700 units 308,750 11,625 31 Bal., 2 units, 30% completed 11,625 a. Determine the number of units in work in process inventory at the end of the month. b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May.