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.

ACCOUNTWork in ProcessFinishing DepartmentACCOUNT NO.DateItemDebitCreditBalanceDebitCreditMay1Bal., 25,100 units, 75% completed75,30031Direct materials, 123,000 units225,090300,39031Direct labor139,600439,99031Factory overhead141,800581,79031Goods transferred, 130,500 units559,84521,94531Bal.,?units, 35% completed21,945

a.Determine the number of units in work in process inventory at the end of the month.

units

b.Determine the number ofwhole unitsto 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 forunitsWhole units to be assigned costsunitsEquivalent units of productionunits