Appendix

EX $20-26$ Equivalent units of production: weighted average cost method

The following information concerns production in the Finishing Department for May. The Finishing Department uses the weighted average cost method.

ACCOUNT Work in Process$-$Finishing Department

ACCOUNT NO$.$

$\backslash$table$[[,,$Item,Debit,Credit,Balance$],[$Date$,$Debit,Credit$],[$May$,\backslash$table$[[1],[31],[31],[31],[31],[31]],\backslash$table$[[$Bal$.,4,200$ units, $70\%$ completed$],[$Direct materials, $23,600$ units$],[$Direct labor$],[$Factory overhead$],[$Goods transferred, $24,700$ units$],[$Bal$.,?$ units, $30\%$ completed$]],\backslash$table$[[125,800],[75,400],[82,675]],308,750,\backslash$table$[[36,500],[162,300],[237,700],[320,375],[11,625],[11,625]],]]$

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.