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Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of

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Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. 1. Calculate the unit cost for December, using the welghted average method. Round final answer to the nearest cent. (NoTE: retain unrounded interim amounts for use in part 2.) per equivalent unit 2. Calculate the cost of goods transferred out, calculate the cost of EWip, and reconcie the costs assigned with the costs to account for, Using interim amounts from. part 1 (unrounded amounts), compute each amount. Then round only final answers to the nearest dollar. 3. What if you were asked to show that the weighted averege unit cost for materials is the blend of the November unit matenals cost and the December unit materiais cost? The November unit materials cost is $3,67,($66,000/18,000), and the December unit materials cost is $11,59($510,000/44,000). The equlvalent units in BWIP are 18,000 , and the F1FO equivalent units are 44,000 . Calculate the weighted average unit materials cost using weights defined as the proportion of total units completed from each source (BWTP output and current output). Round final answer to the nearest cent. per unit

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