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Cost per Equivalent Unit: Weighted Average Cost Method The following information concerns production in the Forging Department for June. The Forging Department uses the weighted

Cost per Equivalent Unit: Weighted Average Cost Method
The following information concerns production in the Forging Department for June. The Forging Department uses the weighted average cost method.
ACCOUNT Work in ProcessForging Department ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
June 1 Bal., 3,600 units, 20% completed 19,206
30 Direct materials, 83,200 units 698,880718,086
30 Direct labor 298,0001,016,086
30 Factory overhead 163,4001,179,486
30 Goods transferred, 82,600 units ??
30 Bal., 4,100 units, 70% completed ?
a. Determine the cost per equivalent unit. Round your answer to the nearest cent.
$fill in the blank 1 per equivalent unit
b. Determine cost of units transferred to Finished Goods.
$fill in the blank 2
c. Determine the cost of units in ending Work in Process.
$fill in the blank 3

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