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 metho Units completed Units in EWIP X Fraction complete (36,000 X 60%) 53,400 21,600 Equivalent units of output 75,000 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 Materials Conversion costs 90,000 34,000 Total $174,000 Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent per unit 2. Uung the weighted average method, determine the cost of Wed the cost of the goods transferred out. If required, round your anwers 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 reached 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 in June? What can you suggest to overcome this