First-In, First-Out Method; Equivalent Units

Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

Production:
Units in process, July 1, 80% complete		30,000 gallons
Units completed and transferred out		195,000 gallons
Units in process, July 31, 75% complete		12,000 gallons
Costs:
Work in process, July 1		$ 48,000
Costs added during July		390,000

Required:

1. Calculate the equivalent units for July. equivalent units

2. Calculate the unit cost. Round your answer to the nearest cent. $per unit

3. Assign costs to units transferred out and EWIP using the FIFO method. Note: Do not round interim computations.

Cost of units transferred out	$
Ending work in process	$