The following information concerns production in the Forging Department for June. The Forging Department uses the weighted average cost method.
ACCOUNT Work in ProcessForging Department ACCOUNT NO
Balance
Date Item Debit Credit Debit Credit
June Bal., units, completed
Direct materials, units
Direct labor
Factory overhead
Goods transferred, units
Bal., units, completed
a Determine the cost per equivalent unit. Round your answer to the nearest cent.
$fill in the blank per equivalent unit
b Determine cost of units transferred to Finished Goods.
$fill in the blank
c Determine the cost of units in ending Work in Process.
$fill in the blank
