Cost per Equivalent Unit: Average Cost Method

The following information concerns production in the Forging Department for April. The Forging Department uses the average cost method.

ACCOUNT Work in ProcessForging Department ACCOUNT NO.

Date Item Debit Credit Balance Debit Credit

April 1 Bal., 2,900 units, 30% completed 13,511

30 Direct materials, 67,000 units 495,800 509,311

30 Direct labor 209,600 718,911

30 Factory overhead 114,900 833,811

30 Goods transferred, 66,600 units ? ?

30 Bal., 3,300 units, 70% completed ?

a. Determine the cost per equivalent unit. Round your answer to the nearest cent. $ per equivalent unit

b. Determine the cost of the units transferred to Finished Goods. $

c. Determine the cost of units in ending Work in Process. $