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Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed
Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed 53,400 Units in EWIP X Fraction complete (36,000 X 60 %) 21,600 Equivalent units of output 75,000 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 90,000 Materials Conversion costs Total Required: 34,000 $174,000 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. per unit 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round your answers to the nearest dollar. Cost of ending work in process Cost of the goods transferred out
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