Question: #7 Print Item Weighted Average Method, Unit Cost. Voluing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured in pints, Applegate use the weighted
Print Item Weighted Average Method, Unit Cost. Voluing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured in pints, Applegate use the weighted average method. During January, Applegate had the following production data Units in process, January 1, 60% complete 100,000 pints Units completed and transferred out 220,000 Dita Units in process, January 31, 40% complete 225,000 pints Costs Work in process, January 1 5162,000 Costs added during January 1,053,000 Required: 1. Using the weighted average method, calculate the equivalent units for January equivalent units 2. Calculate the unit cost for January, Round your answer to the nearest cont per unit Assign costs to units transferred out and EWIR Cost of goods transferred out Ending work in process (WIP)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
