Weighted Average Method, Unit Cost, Valuing Inventories

Applegate Enterprises produces premier raspberry jam. 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	148,000 pints
Units completed and transferred out	700,000 pints
Units in process, January 31, 40% complete	235,000 pints
Costs:
Work in process, January 1	$148,000
Costs added during January	646,000

Required:

1. Using the weighted average method, calculate the equivalent units for January. fill in the blank 1 equivalents units

2. Calculate the unit cost for January. Round your answer to the nearest cent. $fill in the blank 2per unit

3. Assign costs to units transferred out and EWIP.

Cost of goods transferred out	$fill in the blank 3
Ending work in process (EWIP)	$fill in the blank 4