Brief Exercise 6-26 Weighted Average Method, Unit Cost, Valuing Inventories 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.