Milton Inc. manufactures products that pass through two or more processes. During April, equivalent units were computed using the weighted average method:

Units completed 18,000

Units in EWIP × Fraction complete (12,000 × 60 percent) 7,200

Equivalent units of output25,200

April’s costs to account for are as follows:

BWIP (40 percent complete) $ 3,360

Materials 30,000

Conversion cost 12,000

Total $45,360

Required:

1. Calculate the unit cost for April using the weighted average method.

2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out.