Problem 6-61 Equivalent Units, Unit Cost, Weighted Average Refer to the information for Tapyt Inc. given.

Tapyt Inc. manufactures throw rugs. The Throw rug department weaves cloth and yarn into throw rugs of various sizes. Tapyt uses the weighted average method. Materials are added uniformly throughout the weaving process. In August, Tapyt switched from FIFO to the weighted average method. The following data are for the Throw Rug department for August:
Production:
Units in process, August 1, 60% complete 60,000 Units completed and transferred out 180,000 Units in process, August 31, 60% complete 60,000 Costs:
WIP, August 1 $ 216,000 Current costs 907,200 Total $1,123,200

Required:
1. Prepare a physical flow analysis for the Throw Rug department for August.
2. Calculate equivalent units of production for the Throw Rug department for August.
3. Calculate the unit cost for the Throw Rug department for August.
4. Show that the cost per unit calculated in Requirement 3 is a weighted average of the FIFO cost per equivalent unit in BWIP and the FIFO cost per equivalent unit for August.