Weighted Average Method, Unit Cost, Valuing Inventories Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed Units in EWIP X Fraction complete (36,000 X 60%) 98,000 21,600 Equivalent units of output 119,600 June's costs to account for are as follows: BWIP (10,000 units, 50% complete) Materials 550,000 87,000 34,000 Conversion costs Tota $221,000 Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to be nearest cent. 1.84 x per unit 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round unit cost to the nearest cent in intermediate calculations and final answers to the nearest dollar Cost of ending work in process Cost of the goods transferred out 3. Cassion had just finished implementing a series of measures designed to reduce the unit cost to $2.00 and was assured that this had been achieved and should be realized for June's production. Yet, upon seeing the unit cost for June, the president of the company was disappointed. Can you explain why the effect of the cost reductions may not show up in June? What can you suggest to overcome this problem? Cassien is using the weighted average method for calculating unit costs. Thus, the unit cost for June will be a mixture of May and June costs, and will not reflect Feedba