Brief Exercise 6-36 Weighted Average Method, Unit Cost, Valuing Inventories Cardenas Enterprises produces strawberry gelato. Output is measured in quarts. Cardenas uses the weighted average method. During July, Cardenas had the following production data:

Units in process, July 1, 60% complete 162,000 quarts Units completed and transferred out 1,080,000 quarts Units in process, July 31, 40% complete 337,500 quarts Costs:

Work in process, July 1 $ 243,000 Costs added during July 1,579,500 Required:

1. Using the weighted average method, calculate the equivalent units for July.

2. Calculate the unit cost for July.

3. Assign costs to units transferred out and EWIP.