managerial accounting

Print Item Cost per Equivalent Unit: Weighted average method The following information concerns production in the Forging Department for June. The Forging Department uses the Weighted average method. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit June 1 Bal., 500 units, 40% completed 5,000 30 Direct materials, 3,700 units 49,200 54,200 30 Direct labor 25,200 79,400 30 Factory overhead 25,120 104,520 30 Goods transferred, 3,600 units 30 Bal., 600 units, 70% completed a. Determine the cost per equivalent unit. per equivalent unit b. Determine cost of units transferred to Finished Goods. c. Determine the cost of units in ending Work in Process