Question: ebook Show Me How Weighted Average Method, Unit Cost, Valuing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses
ebook Show Me How 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 168,000 pts Units completed and transferred out 240,000 pint Units in process, January 31, 40% complete 200,000 pints Costs: Work in process, January 1 $168,000 Costs added during January Required: 652,000 1. Using the weighted average method, calculate the equivalent units for January, equivalents onits 2. Calculate the unit cost for January, Round your answer to the nearest cent S per unit 3. Assion costs to units transferred out and EWP Cost of goods transferred out Ending work in process (EWIP
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
