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: (54,000 X 30%) 16,200 Equivalent units of output (weighted average) 226,200 Less: Units in BWIP X Praction complete: (10,000 X 70%) 7,000 Equivalent units of output (FIFO) 219,200 The costs that Byford had to account for during the month of November were as follows: Beginning work in process Costs added $111,000 1,178,340 Total $1.289340 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? The costs that Byford had to account for during the month of November were as follows: Beginning work in process $111,000 Costs added 1,178,340 Total $1,289,340 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? Wha Cost of units transferred out Cost of ending inventory