Weighted Average Method, Unit Cost, Valuing Inventories Casslen Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: 72,000 Units completed Units in EWIP X Fraction complete (36,000 X 60%) 21,600 Equivalent units of output 93,600 June's costs to account for are as follows: BWIP (10,000 units, 80% complete) $50,000 Materials 141,000 Conversion costs 91,000 Total $282,000 Required: 1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. 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 unes 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 Sune, 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? Previous Next 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 Cassion is using the FIFO method for calculating unit costs. Thus, the unit cost for June will be a mixture of May and June costs, and will not Cassien is using the LIFO method for calculating unit costs. Thus, the unit cost for June will be a mixture of May and June costs, and will not Cassien is using the FIFO method for calculating unit costs. Thus, the unit cost for June will be a mixture of May and June costs, and will not Submit Assignment for