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 140,000 pints 720,000 pints Units completed and transferred out Units in process, January 31, 40% complete Costs: 245,000 pints Work in process, January 1 $140,000 678,000 Costs added during January Required: sulate the equivalent units for January. 1. Using the weighted average method, 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 EWIP. Cost of goods transferred out Ending work in process (EWIP)