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 ACCOUNT NO. Date Item Debit Credit Balance Debit Credit May 1 Bal., 24,800 units, 75% completed 99,200 31 Direct materials, 121,500 units 296,460 395,660 31 Direct labor 183,800 579,460 31 Factory overhead 186,800 766,260 31 Goods transferred, 129,000 units 737,880 28,380 31 Bal., 2 units, 30% completed 28,380 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. Assume that direct materials are placed in process during production. Whole units to be accounted for Whole units to be assigned costs Equivalent units of production units units units