Unit Cost, Valuing Goods Transferred Out and EWIP

During August, the drilling department of Arenal Inc. completed and transferred out 190,000 units. At the end of August, there were 42,700 units in process, 70% complete. Arenal incurred manufacturing costs totaling $1,759,120.

Required:

1. Calculate the unit cost.

2. Calculate the cost of goods transferred out and the cost of EWIP.

Cost of goods transferred out
Cost of ending work in process