Question: Cost per Equivalent Unit: Weighted average method The following information concerns production in the Forging Department for June. The Forging Department uses the Weighted average

Cost per Equivalent Unit: Weighted average method

The following information concerns production in the Forging Department for June. The Forging Department uses the Weighted average method.

ACCOUNTWork in ProcessForging DepartmentACCOUNT NO.DateItemDebitCreditBalanceDebitCreditJune1Bal., 500 units, 40% completed5,00030Direct materials, 3,700 units49,20054,20030Direct labor25,20079,40030Factory overhead25,120104,52030Goods transferred, 3,600 units??30Bal., 600 units, 70% completed?

a.Determine the cost per equivalent unit.

$per equivalent unit

b.Determine cost of units transferred to Finished Goods.

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

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