Cost per Equivalent Unit: Average Cost Method

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

ACCOUNT Work in ProcessForging Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
April	1	Bal., 3,000 units, 40% completed					13,094
	30	Direct materials, 69,300 units	478,170				491,264
	30	Direct labor	202,900				694,164
	30	Factory overhead	111,300				805,464
	30	Goods transferred, 68,900 units			?		?
	30	Bal., 3,400 units, 70% completed					?

a. Determine the cost per equivalent unit. Round your answer to the nearest cent. $ per equivalent unit

b. Determine the cost of the units transferred to Finished Goods. $

c. Determine the cost of units in ending Work in Process. $