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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:

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 108,000 pints
Units completed and transferred out 720,000 pints
Units in process, January 31, 40% complete 225,000 pints
Costs:
Work in process, January 1 $162,000
Costs added during January 1,053,000

Required:

1. Using the weighted average method, calculate the equivalent units for January. equivalent 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) $

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