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 94,800 378,084 553,684 732,184 May 1 Bal., 23,700 units, 80% completed 31 Direct materials, 116, 100 units 283,284 31 Direct labor 175,600 31 Factory overhead 178,500 31 Goods transferred, 123,200 units 704,704 31 Bal 2 units, 25% completed a. Determine the number of units in work in process inventory at the end of the month 16,600 units 27,480 27.480 b. Determine the number of whol 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 units Whole units to be accounted for Whole units to be assigned costs Equivalent units of production units units