Reference no: EM132638279

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., 25,100 units, 75% completed                  75,300

31 Direct materials, 123,000 units 225,090             300,390

31 Direct labor                               139,600              439,990

31 Factory overhead                         141,800           581,790

31 Goods transferred, 130,500 units      559,845              21,945

31 Bal., ? units, 35% completed 21,945

Question a. Determine the number of units in work in process inventory at the end of the month.

Question 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.