Weighted Average Method, Unit Cost, Valuing Inventories 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% complete 156,000 pints Units completed and transferred out 680,000 pints Units in process, January 31, 40% complete 215,000 pints Costs: Work in process, January 1 $156,000 Costs added during January 610,000 Required: 1. Using the weighted average method, calculate the equivalent units for January. equivalents units 2. Calculate the unit cost for January. Round your answer to the nearest cent. per unit 3. Assign costs to units transferred out and EWIP. Cost of goods transferred out Ending work in process (EWIP)

Weighted Average Method, Unit Cost, Valuing Inventories 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% complete 156,000 pints Units completed and transferred out 680,000 pints Units in process, January 31, 40% complete 215,000 pints Costs: Work in process, January 1 $156,000 Costs added during January 610,000 Required: 1. Using the weighted average method, calculate the equivalent units for January. equivalents units 2. Calculate the unit cost for January. Round your answer to the nearest cent. per unit 3. Assign costs to units transferred out and EWIP. Cost of goods transferred out Ending work in process (EWIP)

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Description: Weighted Average Method, Unit Cost, Valuing InventoriesApplegate 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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