2. Process Costing Equivalent units of production, Weighted Average Method: Runaground Coffee Co. is a coffee manufacturer who uses process costing to account for its production costs each period. The Runaground uses two departments in the production of its product Drying and Roasting. The following is information obtained for the Drying department for the month of January:

Work in process (WIP) inventory Drying department, beginning balance:

Units in beginning WIP: 135,000

DM costs in beginning WIP: $101,425

Conversion Costs in beginning WIP: $67,850

Units started / costs incurred during January (Drying Department only):

Units started: 215,000

DM costs incurred: $173,675

Conversion Costs incurred: $99,350

At the end of January, as of January 31^st, there were 95,000 units left in the Drying departments ending WIP inventory. These partially completed units were 90% complete with respect to DM and 60% complete with respect to Conversion Costs. Use the Weighted-Average method to answer the questions below.

1. Calculate how many units were completed and transferred out to the Roasting Department during January.

2. Calculate the Equivalent Units of Production (EUP) for January for both DM and Conversion Costs for the Drying department.

3. Calculate the cost per EUP for January for the Drying department for both DM and Conversion Costs. Round your final answer to two decimal places.

4. Assign costs to the units completed and transferred out of the Drying Department to the Roasting Department during January.

5. Assign costs to the units remaining in the Drying Departments ending WIP inventory as of January 31^st.