#10

#11

Unt Cost Valuing Goods Transferred Out and EWIP During August, the drilling department of Arenal the completed and trandefred out 100,000 units. At the end of August, there were 47,700 units in process, 70% complete. Menal incurred manufacturing costs totaling 51,799,120 Required: 1. Calculate the unit cost Der une 7. Calculate the cost of goods transferred out and the cost of WIR Cost of goods transferred out Cost of ending work in process Weighted Average Method, Unit Cost, Valuing Inventones Polson Enterprses produces strawberry gelato. Output is measured in quarts. Poison uses the weighted average method. During July, Polson had the following production data Units in process, July 1, 60% complete 54,000 quart Units completed and transferred out 360,000 quarts Units in process, July 31, 40% complete 112,500 quarts Costs $81,000 Work in process, July 1 Costs added during July 526,500 Required: 1. Using the weighted average method, calculate the equivalent units for July equivalent units 2. Calculate the unit cost for July. Round your answer to the nearest cent per unit 3. Assign costs to units transferred out and EWIR Cost of goods transferred out Ending work in process