Unit Cost, Valuing Goods Transferred Out and EWIP

During April, the grinding department of Tranx Inc. completed and transferred out 312,000 units. At the end of April, there were 156,000 units in process, 60% complete. Tranx incurred manufacturing costs totaling $1,622,400.

Required:

1. Calculate the unit cost. $ _______________per unit

2. Calculate the cost of goods transferred out and the cost of ending WIP.

Cost of goods transferred out	$
Cost of ending WIP	$