Item 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. Units completed Direct Materials 45,000 Conversion Costs 45,000 Add: Units in ending work in process x Percentage complete: 12,000 x 100% direct materials 12,000 12,000 x 40% conversion materials 4,800 Eqivalent units of output 57,000 49,800 Costs: Work in process, December 1: Direct materials $65000 Conversion costs Total work in process Current costs: Direct materials Conversion costs Total current costs 13,000 $78,000 $560,000 186,000 $746 000 Required: 1. Calculate the unit cost for December, using the weighted average method. Round final answer to the nearest cent. (NOTE: retain unroun interim amounts for use in part 2.) per equivalent unit 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Using int amounts from part 1 (unrounded amounts), compute each amount. Then round only final answers to the nearest dollar. Cost of goods transferred out: Units completed Cost of EWIP Total costs assigned (accounted for) Reconciliation Cost to account for: BWIP Current (December) Total 000 3. What if you were asked to show that the weighted average unit cost for materials is the blend of the November unit materials cost and the December unit materials cost? The November unit materials cost is $5.42 ($65,000/ 12,000), and the December unit materials cost is $12.44 ($560,000/45,000). The equivalent units in BWIP are 12,000, and the FIFO equivalent units are 45,000. Calculate the weighted average unit materials cost using weights defined as the proportion of total units completed from each source (BWIP output and current output). Round final answer to the nearest cent. per unit