Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses the weighted...
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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:
Units in process, January 1, 60% complete
108,000 pints
Units completed and transferred out
720,000 pints
Units in process, January 31, 40% complete
225,000 pints
Costs:
Work in process, January 1
$162,000
Costs added during January
1,053,000
Required:
1. Using the weighted average method, calculate the equivalent units for January. equivalent units
2. Calculate the unit cost for January. Round your answer to the nearest cent. $per unit
3. Assign costs to units transferred out and EWIP.
Cost of goods transferred out
$
Ending work in process (EWIP)
$
Answer & Explanation
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