Question: Weighted Average Method, Unit Cost, Valuing Inventones Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses the weighted average method. During
Weighted Average Method, Unit Cost, Valuing Inventones 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: 164,000 pints 220,000 pints 225,000 pints Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete Costs: Work in process, January 1 Couts added during January $328,000 1,292,000 Required: 1. Using the weighted average method, calculate the equivalent units for January 106,400 X equivalents units 2. Calculate the unit cost for January. Round your answer to the nearest cent. 15.22 X per un 3. Align costs to units transferred out and EWIP. 10,958,400 x Cont of goods transferred out Ending work in process (WEP)
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