OI Exercise 6-35 Weighted Average Method, Unit Cost, Valuing Inventories Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed 53,400 Units in EWIP X Fraction complete (36,000 X 60%) 21,600 Equivalent units of output 75,000 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $ 50,000 Materials 90,000 Conversion costs 34,000 Total $174,000 SA bedtow00951 Required: 1. Calculate the unit cost for June using the weighted average method. 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. 3. CONCEPTUAL CONNECTION Cassien had just finished implementing a series of measures designed to reduce the unit cost to $2.00 and was assured that this had been achieved and should be realized for June's production; yet upon seeing the unit cost for June, the presi- dent of the company was disappointed. Can you explain why the full effect of the cost reductions may not show up in June? What can you suggest to overcome this