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 meth Units completed Units in EWIP X Fraction complete (36,000 X 60%) Equivalent units of output June's costs to account for are as follows: BWIP (10,000 units, 80% complete) 79,000 21,600 100,600 $50,000 Materials 97,000 Conversion costs 71,000 Total $218,000 Required: 1. Calculate the unit cost for June using the weighted average method, Round your answer to the nearest cent 2.8 per unit 2. Using the welghted 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. Cassien 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 full effect of the cost reductions may not show up in June? What can you suggest to overcome this problem? Check My Work 3 more Check My Works remaining Previous Units complete 9.000 Units EFX Fraction complete (36,000 X 60%) Equivalent of output 100.000 Dunes con toccount for areas to low BWTP (10,000 ts, complete) $10,000 Materia Conversion 71.000 Tot 218.000 Jequired 1. Ces the unit cost for lune using the weighted avd. Round your answer to the nearest 2.8 2.Ung the weight werage method, determine the cost rews and the cost of the good trented out traure, round unit cout to the nearest cant in intermediate calculations and trainers to the ingeweihe verge method for ting to the not to me will be more and in costs, and with the cost savings. Using Pro for at better rect pening the method for at un cost the unit for lune will be mixture of wannect, and will not reflect the Uning we verage for June would better rehe LIFO method for at the fount will be made will telect the conting weighted average for lunewoud better reflect Cena no modo con un consument controue will be of inco, and will not reflect the savings un LIFO for lune would butterfect the offer Che Ware