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need answers please Equivalent units of production: Weighted average method The following information concerns production in the Finishing Department for May. The Finishing Department uses
need answers please
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., 14.600 units, 80% completed 87,600 31 Direct materials, 71,500 units 261,690 349,290 31 Direct labor 162,200 511,490 31 Factory overhead 164,900 676,390 31 Goods transferred, 75,900 units 651,222 25,168 31 Bal., 2 units, 25% completed 25,168 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 units Whole units to be assigned costs units Equivalent units of production units Step by Step Solution
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