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 Process Finishing Department Date Item Debit Credit ACCOUNT NO. Balance Debit Credit May 1 Bal., 14,700 units, 75% completed 31 Direct materials, 72.000 units 219.500 31 Direct labor 136,200 31 Factory overhead 31 Goods transferred, 76,400 units 546,260 31 Bal 2 units, 35% completed a. Determine the number of units in work in process invertory at the end of the month units 73,500 293,100 429,300 567,600 21,340 21,340 v ent units of production for May. Assume that direct materials are placed in process during b. Determine the number of whole units to be accounted for and to be assoned costs and the e production Whole units to be accounted for Whole units to be assigned costs Equivalent units of production Previous Next