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., 24,000 units, 65% completed 72,000 31 Direct materials, 117,600 units 215,208 287,208 31 Direct labor 133,400 420,608 31 Factory overhead 135,600 556,208 31 Goods transferred, 124,800 units 535,392 20,816 31 Bal., ? units, 30% completed 20,816 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. Whole units units Equivalent units of production units