3Brief Exercise 6-24 Weighted Average Method, Unit Cost, Valuing Inventories e 6.4 Applegate Enterprises produces...
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3Brief Exercise 6-24 Weighted Average Method, Unit Cost, Valuing Inventories e 6.4 Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses the weighted average method. During January, Applegate had the following production data: 108,000 pints 720,000 pints 225,000 pints Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete Costs: Work in process, January 1 Costs added during January $ 162,000 1,053,000 Required: 1. Using the weighted average method, calculate the equivalent units for January. 2. Calculate the unit cost for January 3. Assign costs to units transferred out and EWIP
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