Goulas' finishing department uses the weighted average method and had the following data for the month of July:

Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion.
2. Calculate total unit cost.

Transcribed Image Text:

Conversion Materials 60,000 15,000 75,000 Transferred-In 60,000 15,000 60,000 9,000 69,000 Units transferred out Units in EWIP Equivalent units Costs: Work in process, July 1: Transferred-in from fabricating 75,000 $ 2,100 1,500 Materials Conversion costs 3,000 $ 6,600 Total Transferred-In Materials Conversion Current costs: Transferred-in from fabricating Materials Conversion costs $30,900 45,300 Total $98,700