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., 2,400 units, 40% completed					10,138
	30	Direct materials, 55,400 units	360,100				370,238
	30	Direct labor	157,100				527,338
	30	Factory overhead	86,200				613,538
	30	Goods transferred, 55,100 units			?		?
	30	Bal., 2,800 units, 80% 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. $_________