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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 ProcessFinishing Department					ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
May	1	Bal., 23,200 units, 80% completed					69,600
	31	Direct materials, 113,700 units	208,071				277,671
	31	Direct labor	129,000				406,671
	31	Factory overhead	131,100				537,771
	31	Goods transferred, 120,600 units			517,374		20,397
	31	Bal., ? units, 35% completed					20,397

a. Determine the number of units in work in process inventory at the end of the month. fill in the blank 1 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	fill in the blank 2 units
Whole units to be assigned costs	fill in the blank 3 units
Equivalent units of production	fill in the blank 4