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Method, Unit Cost, Valuing Inventories Cassien Inc, manufactures products that pass through two or more processes. During June, equivalent units were computed using the
Method, Unit Cost, Valuing Inventories Cassien Inc, manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method Units completed 59,000 Units in EWIP X Fraction complete (36,000 x 60%) 21.600 Equivalent units of output 80,600 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) Materials Conversion costs Total Required: $50,000 93,000 41,000 $184,000 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent per unit 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. It required, round unit cost to the nearest cent in intermedate sabes and tha Cost of ending work in process Cost of the goods transferred out 3. Cassien had just 6inished implementing a series of measures designed to reduce the unit cost to 12.00 and was assured that this had been achieved and hauld be led to t of the company was disappointed. Can you explain why the full effect of the cost reductions may not show up in June? What can you get to overcome the probl
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