Date Item Debit Credit Debit June 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 Credit 1 Bal., 500 units, 40% completed 5,000 30 Direct materials, 3,700 units 49,200 54,200 30 Direct labor 25,200 79,400 30 Factory overhead 25,120 104,520 30 Goods transferred, 3,600 units 30 Bal., 600 units, 70% completed a. Determine the cost per equivalent unit. per equivalent unit b. Determine cost of units transferred to Finished Goods. 2 ? ? > c. Determine the cost of units in ending Work in Process