Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses the weighted average method. During January, Applegate had the following production data: Units in process, January 1, 60% complete 208,000 pints Units completed and transferred out 760,000 pints Units in process, January 31, 40% complete 200,000 pints Costs: Work in process, January 1 $208,000 Costs added during January 632,000 Required:

1. Using the weighted average method, calculate the equivalent units for January. 810,000 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. Cost of goods transferred out $ Ending work in process (EWIP)