Equivalent Units, Unit Cost, Weighted Average Fino Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cloth into towels of various sizes. Fino uses the weighted average method. All manufacturing costs are added uniformly through the process. The following data are for the bath linens department for August:

Production: Units in process, August 1, 60 percent complete 20,000

Units completed and transferred out 60,000

Units in process, August 31, 60 percent complete 20,000

Costs: WIP, August 1 $11,520 Current costs 72,000 Total $83,520

Physical Flow Analysis For the Month of August Units to account for: Units in beginning work in process Units started during the period 20,000 60,000 80,000 Total units to account for Units accounted for Units completed and transferred out: Started and completed 60,000 From beginning work in process 15,000 80,000 Units in ending work in process 20,000 Total units accounted for 80,000 2. Calculate equivalent units of production for the bath linens department for August. 8,000 equivalent units 3. Calculate the unit cost for the bath linens department for August. Round your answer to the nearest cent. 1.392 per unit 4. Calculate the per unit cost using the FIFO method. Round your answers to two decimal places, if necessary. Equivalent units in beginning work in process Prior-period unit cost FIFO equivalent units for materials FIFO unit cost $ $ The weighted average unit cost Equivalent Units, Unit Cost, Weighted Average Fino Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cloth into towels of various sizes. Fino uses the weighted average method. All manufacturing costs are added uniformly through the process. The following data are for the bath linens department for August: 20,000 60,000 20,000 Production: Units in process, August 1, 50 percent complete Units completed and transferred out Units in process, August 31, 60 percent complete Costs: WIP, August 1 Current costs Total 511,520 72,000 583,520 Required: 1. Prepare a physical flow analysis for the bath linens department for August. Bath Linens Department Physical Flow Analysis For the Month of August Units to account for: Units in beginning work in process 20.000 Units started during the period 60,000 Total units to account for 80,000 Units accounted for: Units completed and transferred out: Started and completed 60.000 From herinning work in proce 15,000 80.000 Previous Neyt