Question: Weighted Average Method, Unit Cost, Valuing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured in its Applegate uses the weighted average method. During

 Weighted Average Method, Unit Cost, Valuing Inventories Applegate Enterprises produces premier

Weighted Average Method, Unit Cost, Valuing Inventories Applegate Enterprises produces premier raspberry jam. Output is measured in its Applegate uses the weighted average method. During Jay, Applegate de un production data: Units in process, January 1, 60% complete 156,000 pints Units completed and transferred out 720.000 pints Units in process, January 31, 40% complete 225,000 pints Costs: $156,000 Work in process, January 1 Costs added during January Required: 654,000 1. Using the weighted average method, calculate the equivalent units for January equivalents units 2. Calculate the unit cost for January. Round your answer to the nearest cent per unit 3. Assign costs to units transferred out and LWIP Cost of goods transferred out Ending work in process (WIP)

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