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Cost Information and the Weighted Average Mothod Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. 1. Calculate the unit cost for December, using the weighted average mothod. Round final answer to the nearest cent. (NOIE: retain unrounded interim amounts for use in part 2.) ner equivalent unit 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assioned with the costs to account for, Using interim amounts from part 1 (unrounded amounts), compute each amount. Then round only final amounts to the nearest dollar. 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 $3.65($62,000/17,000), and the December unit materials cost is $13.75 ($550,000/40,000). The equivalent units in BWIP are 17,000 , and the FFFO equivalent units are 40,000 . Calculate the weighted average unit materials cost using weiohts 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 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 Decomber, as shonun bciow. 1. Calculate the unit cost for December, using the weighted average method. Round final answer to the nearest cent. (NOTE: retain unrounded 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 iccount for, Using interim anounts from part 1 (unrounded amounts), compute each amount. Then round only final amounts to the rearest dollar. 3 moee check My Work usas resaining 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and recondie the costs assigned with the costs to accor: for, Using ini: amounts from part 1 (unrounded amounts), compute each amount. Then round only final amounts to the nearest dollar. Cost of goods transferred out: 3. What If you were asked to show that the weighted average unit cost for materials is the blend of the November unik materials cost and the December unit materials cost? The November unit materials cost is $3.65(562,000/17,000), and the December unit materials cost b$13.75 ($550,000/40,000). The equivalent units in BWIP are 17,000 , and the FIFO equivalent units are 40,000 . Calculate the weighted average unit materials cont using weiohts 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