Weighted Average Method, Unit Cost, Valuing Inventories PLEASE SHOW HOW YOU GOT TO YOUR ANSWERS

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	230,000 pints
Units in process, January 31, 40% complete	81,000 pints
Costs:
Work in process, January 1	$54,000
Costs added during January	347,000

Required:

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 EWIP. Do not round the unit cost in intermediate calculations. If required, round your final answers to the nearest cent.

Cost of goods transferred out	$
EWIP