Loran Inc. uses the weighted average method and had the following equivalent units schedule and costs for its fabrication department during the month of September:

Required:
1. Calculate the unit cost for materials, for conversion, and in total for the fabrication department for September.
2. Calculate the cost of units transferred out and the cost of EWIP.

Materials Conversion Units completed Add: Units in ending WIP x Percentage complete (120,000 60%) Equivalent units of output 360,000 72,000 432,000 360,000 120,000 480,000 Costs: Work in process, September 1: Materials $ 294,000 15,750 Conversion costs $ 309,750 Total Current costs: Materials $2,106,000 472,410 $2,578,410 Conversion costs Total