Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown belo Units completed Add: Units in ending work in process x Percentage complete: 15,000 x 100% direct materials 15,000 x 40% conversion materials Eqivalent units of output Costs: Work in process, December 1: Direct materials Conversion costs Total work in process Current costs: Direct materials Conversion costs Total current costs Direct Materials Cost of goods transferred out: 45,000 Check My Work 15,000 60,000 Conversion Costs 45,000 6,000 51,000 $68,000 10,000 $78,000 $550,000 Required: 1. Calculate the unit cost for December, using the weighted average method. Round final answer to the nearest cent. (NOTE: retain unrounded 13 X per equivalent unit 181,000 $731,000 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Using interir final answers to the nearest dollar.

Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown belc Required: 1. Calculate the unit cost for December, using the weighted average method. Round final answer to the nearest cent. (NOTE: retain unrounder X per equivalent unit 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Using interi final answers to the nearest dollar. Cost of goods transferred out: Writitbate tembite: Cauts DetirmaserialCinrereneantenealnumerecarts 11,10050606000 Bequirent: 13 por equobitive tinel answers to the meares itulion. Ferine