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


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





























Units in process, January 1, 60% complete200,000 pints
Units completed and transferred out680,000 pints
Units in process, January 31, 40% complete250,000 pints
Costs:
Work in process, January 1$200,000
Costs added during January580,000


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.













Cost of goods transferred out$fill in the blank 3
Ending work in process (EWIP)$fill in the blank 4


Jun 09, 2022
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