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Weighted Average Method, Unit Cost, Valuing inventories Cassien Inc, manufactures products that pass through two...

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Accounting

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Weighted Average Method, Unit Cost, Valuing inventories Cassien Inc, manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method Units completed 91,000 21,600 112,600 Units in EWIP X Fraction complete (36,000 X 60%) Equivalent units of output June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 Materials 123,000 64,000 Conversion costs $237,000 Total Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent per unit Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. per unit 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round unit cost to the nearest cent in intermediate calculations and final answers to the nearest dollar Cost of ending work in process Cost of the goods transferred out

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