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 me ACCOUNT Work in Process-Finishing Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 14,600 units, 70% completed 73,000 31 Direct materials, 71,500 units 218,075 291,075 31 Direct labor 135,200 426,275 31 Factory overhead 137,400 563,675 31 Goods transferred, 75,900 units 542,685 20,990 31 Bal.2 units, 35% completed 20,990 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