Appendix EX 17-24 Equivalent units of production: average cost method A. 3,100 The following information concerns production in the Finishing Depart ment for May. The Finishing Department uses the average cost method. ACCOUNT Work in Process-Finishing Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit May | 1 | 31 Direct materials, 23,600 units 31 Direct labor 31 Factory overhead 31 Goods transferred, 24,700 units 31 | Bal, units, 30% completed Bal., 4,200 units, 70% completed 36,500 162,300 237,700 320,375 308,75011,625 11,625 125,800 75,400 82,675 A. Determine the number of units in work in process inventory at the end of the month. B. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May. APPENDIX EXERCISE 17-24 A. B. Equivalent Units of Production Whole Units 5 6 7 8 9 10 12 13 14 15