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

Weighted Average Method, Unit Cost, Valuing Inventories 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: Units in process, January 1, 60% complete 164,000 pints Units completed and transferred out 760,000 pints Units in process, January 31, 40% complete 245,000 pints Costs: Work in process, January 1 $328,000 Costs added during January 1,388,000

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