Alcor Inc. is a small producer of high-quality ice cream. During production, the raw milk materials are added at the beginning of production while the flavouring materials are added when the ice cream is 60 percent complete. In April, the company reported the following production and cost information:

Alcor uses the weighted average method.
Required:
1. Using the weighted average method, prepare an equivalent units schedule.
2. Calculate the unit cost for conversion costs, materials (raw milk), and materials (flavourings).
3. Calculate the cost of units transferred out and the cost of EWIP.

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Production: Units in process, April 1, 70 percent complete Units completed Units in process, April 30, 20 percent complete 400 4,950 250 Costs: Work in process, April 1: Materials (raw milk) Materials (flavourings) Conversion costs $ 70 100 375 $ 545 Total Current costs: $ 970 1,880 2,625 $5,475 Materials (raw milk) Materials (flavourings) Conversion costs Total