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 Units completed and transferred out Units in process, January 31, 40% complete Costs: 140,000 pints 760,000 pints 215,000 pints Work in process, January 1 $280,000 Costs added during January 1,412,000 Required: 1. Using the weighted average method, calculate the equivalent units for January. 846,000 equivalents units 2. Calculate the unit cost for January. Round your answer to the nearest cent. 1.83 x per unit $ 3. Assign costs to units transferred out and EWIP. Cost of goods transferred out 760,000 X Ending work in process (EWIP)