Jackson Inc. had the following production and cost information for its fabrication department during the month of March (materials are added at the beginning of the fabrication process):

Production:

Units in process, March 1, 50 percent complete with respect to conversion 5,000

Units completed 32,600

Units in process, March 31, 40 percent complete 6,000

Costs:

Work in process, March 1:

Materials$ 10,000

Conversion costs 7,500

Total $ 17,500

Current costs:

Materials $ 62,500

Conversion costs 105,000

Total $ 167,500

Jackson uses the weighted average method.

Required:

1. Prepare an equivalent units schedule.

2. Calculate the unit cost.

3. Calculate the cost of units transferred out and the cost of EWIP.