Weighted Average Method, Unit Cost, Valuing Inventories

Manzer Enterprises produces premier raspberry jam. Output is measured in pints. Manzer uses the weighted average method. During January, Manzer had the following production data:

Units in process, January 1, 60% complete	36,000 pints
Units completed and transferred out	244,000 pints
Units in process, January 31, 40% complete	77,000 pints
Costs:
Work in process, January 1	$54,000
Costs added during January	357,000

Required:

1. Using the weighted average method, calculate the equivalent units for January. fill in the blank 1 equivalents units

2. Calculate the unit cost for January. Round your answer to the nearest cent. $fill in the blank 2per unit

3. Assign costs to units transferred out and EWIP. Do not round the unit cost in intermediate calculations. If required, round your final answers to the nearest cent.

Cost of goods transferred out	$fill in the blank 3
EWIP	$fill in the blank 4