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Weighted Average Method, Un Cost. Valuing Inventories Applegate Enterprises produces premier raspberry sam. Output is measured in pints, Applegate uses the weighted average method. During

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Weighted Average Method, Un Cost. Valuing Inventories Applegate Enterprises produces premier raspberry sam. Output is measured in pints, Applegate uses the weighted average method. During January, Applegate had the following production data Units in process, January 1, 60 complete 152,000 pints Units completed and transferred out 680,000 pints Units in process, January 31, 40% complete 235,000 pints Costs: $152,000 Work in process, January 1 Costs added during January 622,000 Required: 1. Using the weighted average method, calculate the equivalent units for January equivalents units 2. Calculate the unit cost for January. Round your answer to the nearest cent per unit 3. Assign costs to units transferred out and EWI Cost of goods transferred out Ending work in process (EWIP)

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