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 176,000 pints Units completed and transferred out 720,000 pints Units in process, January 31, 40% complete 245,000 pints Costs: Work in process, January 1 $176,000 Costs added during January 642,000 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. Ws per unit 3. Assign costs to units transferred out and EWIP. Cost of goods transferred out Ending work in process (EWIP)