Weighted Average Method, Unit Cost, Valuing Inventories

Manzer Enterprises produces premier raspberry jam. Output is measured in pints. Manzer uses the weighted average method. During January, Manzer had the following production data:

Units in process, January 1, 60% complete	36,000 pints
Units completed and transferred out	240,000 pints
Units in process, January 31, 40% complete	75,000 pints
Costs:
Work in process, January 1	$54,000
Costs added during January	351,000

Required:

1. Using the weighted average method, calculate the equivalent units for January. equivalent 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 EWIP.

Cost of goods transferred out	$
Ending work in process	$