First-In, First-Out Method; Equivalent Units

Inca Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons. Inca uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

Production:
Units in process, July 1, 80% complete		21,900 gallons
Units completed and transferred out		138,000 gallons
Units in process, July 31, 75% complete		13,900 gallons
Costs:
Work in process, July 1		$21,900
Costs added during July		301,000

Required:

1. Calculate the equivalent units for July. equivalent units

2. Calculate the unit cost. Round your answer to the nearest cent. $ per unit

3. Assign costs to units transferred out and EWIP using the FIFO method. If required, round your final answers to the nearest cent.

Cost of units transferred out	$
Ending work in process	$