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1) 2) eBook Video Calculator Print Item Unit Cost, Valuing Goods Transferred Out and EWIP During May, the molding department of Lawler Foundry completed and
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eBook Video Calculator Print Item Unit Cost, Valuing Goods Transferred Out and EWIP During May, the molding department of Lawler Foundry completed and transferred out 46,000 units. At the end of May, there were 15,000 units in process, 60% complete. Lawler incurred manufacturing costs totaling $512,000. Required: $ 1. Calculate the unit cost. When required, round your answer to the nearest cent. 9.31 per unit 2. Calculate the cost of goods transferred out and the cost of EWIP. Do not round unit cost value in intermediate calculations. Round your final answers to the nearest cent. Cost of goods transferred out 428,214 X Cost of EWIP 83,790 X 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 followin production data: 36,000 pints Units in process, January 1, 60% complete Units completed and transferred out Units in process, January 31, 40% complete 230,000 pints 69,000 pints Costs: Work in process, January 1 $54,000 Costs added during January 335,000 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 2)
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