Cost per Equivalent Unit: Average Cost Method The following information concerns production in the Forging Department for June. The Forging Department uses the average cost method. ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Debit Date June Credit Debit Credit 8,536 Item 1 Bal., 2,400 units, 30% completed 30 Direct materials, 55,400 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 55,100 units 30 Bal., 2,800 units, 60% completed 310,240 131,500 72,100 318,776 450,276 522,376 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