Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 47

Equivalent units of production: average cost method
The following information concerns production in the Finishing Department for May. The Finishing Department uses the average cost method.

a. Determine the number of units in work in process inventory at the end of the month.
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for May.