< Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP Units completed Units in EWIP (10% complete) Total manufacturing costs Required: 1. What is the output in equivalent units for March? equivalent units 22,000 2,000 $66,600 2. What is the unit manufacturing cost for March? Note: Round your answer to the nearest cent. per unit 3. Compute the cost of goods transferred out for March. 4. Calculate the value of March's EWIP. Round your answer to the nearest dollar. 5. The blending department had budgeted 24,300 completed units for March, with an expected EWIP of 2,270, 50% complete. Total manufacturing costs were expected to be $61,100. Repeat Requirements 1 and 2 using the budgeted data and offer some possible reasons why the actual unit cost was different than the expected unit cost for March. Refer to Exhibit 2.2 and identify which data analytic type is being used for this analysis. Diagnostic Feedback Check My Work 1. Equivalent Units Units Completed + Units in EWIP x Fraction Complete 2. Unit Cost Total Cost/Equivalent Units 3. Cost of Goods Transferred Out Cost per unit x EWIP units completed 4. Cost of Ending WIP Cost per unit x Equivalent units in EWIP Review the "How to Calculate Equivalent Units of Production with No Beginning Work in Process" and the "How to Measure Output and Assign Costs: No Beginning Work in Process" examples in your text.