Weighted Average Method, Unit Costs, Valuing Inventories Byford Inc. produces a product that passes through two processes. During November, equivalent units were calculated using the weighted average method: Units completed 210,000 Add: Units in EWIP X Fraction complete: (45,000 X 50%) 22,500 Equivalent units of output (weighted average) 232,500 Less: Units in BWIP X Fraction complete: (20,000 X 60%) 12,000 Equivalent units of output (FIFO) 220,500 The costs that Byford had to account for during the month of November were as follows: Beginning work in process $97,000 Costs added 1,158,500 Total $1,255,500 1. Using the weighted average method, determine unit cost. Round to the nearest cent. $ per unit 2. Under the weighted average method, what is the total cost of units transferred out? What is the cost assigned to units in ending inventory? Cost of units transferred out $ Cost of ending inventory