Equivalent Units, Unit Cost, Weighted Average 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: Line Item Description Units 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: Question Content Area 1. Prepare a physical flow analysis for the throw-rug department for August. Tapyt Inc. Physical Flow Analysis For the Month of August Line Item Description Units Units Units to account for: Units in beginning work in process (60% complete) Units in beginning work in process (60% complete) Units started during the period Units started during the period Total units to account for Total units to account for Units accounted for: Units completed and transferred out: Started and completed Started and completed From beginning work in process From beginning work in process From beginning work in process Units in ending work in process (60% complete) Units in ending work in process (60% complete) Total units accounted for Total units accounted for Question Content Area 2. Calculate equivalent units of production for the throw-rug department for August. fill in the blank 1 of 7 equivalent units 3. Calculate the unit cost for the throw-rug department for August. Round your answer to the nearest cent. fill in the blank 2 of 7 $per unit 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. If required, round your answers to two decimal places. Hint: The weights are in proportion to the number of units from each source. Line Item Description Answer Equivalent units in beginning work in process fill in the blank 3 of 7 Prior period unit cost fill in the blank 4 of 7 $ FIFO equivalent units for materials fill in the blank 5 of 7 FIFO unit cost fill in the blank 6 of 7 $ The weighted average unit cost fill in the blank 7 of 7 $