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. Date Item Debit Credit Balance Debit Credit 36,500 162,300 237,700 320,375 May 1 Bal., 4,200 units, 70% completed 31 Direct materials, 23,600 units 125,800 31 Direct labor 75,400 31 Factory overhead 82,675 31 Goods transferred, 24,700 units 308,750 Bal., 2 units, 30% completed a. Determine the number of units in work in process inventory at the end of the month. units 11,625 11,625 31 b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. units Whole units units Equivalent units of production