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.

2. Calculate the unit cost for January.

3. Assign costs to units transferred out and EWIP.