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., 11,500 units, 70% completed 46,000 31 Direct materials, 56,400 units 137,616 183,616 31 Direct labor 268,916 31 Factory overhead 86,700 31 Goods transferred, 59,800 units 31 Bal., 2 units, 30% completed 13,560 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 placed in process during production. Whole units to be accounted for units Whole units to be assigned costs units Equivalent units of production units