Manzer Enterprises produces premier raspberry jam. Output is measured in pints. Manzer uses the weighted average method. During January, Manzer had the following production data:
Units in process, January 1, 60 percent complete ....... 36,000 pints
Units completed and transferred out ............240,000 pints
Units in process, January 31, 40 percent complete ....... 75,000 pints
Costs:
Work in process, January 1 ......... $ 54,000
Costs added during January ......... 351,000

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.