The following information concerns production in the Forging Department for June. The Forging Department uses the average cost method.

a. Determine the cost per equivalent unit.
b. Determine cost of units transferred to Finished Goods.
c. Determine the cost of units in ending Work inProcess.

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ACCOUNT Work in Process- Forging Departiment ACCOUNT NO. Balance Date Item DebitCredi Debit Credit June | 1 | Bal., 500 units, 40% completed 30 Direct materials, 3,700 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 3,600 units 301 Bal., 600 units, 70% completed 5,000 54,200 79,400 104,520 49,200 25,200 25,120