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 Units completed and transferred out Units in process, January 31, 40% complete Costs: Work in process, January 1 Costs added during January 128,000 pints 740,000 pints 250,000 pints $256,000 1,424,000 Required: 1. Using the weighted average method, calculate the equivalent units for January.. equivalents units 3. Assign costs to units transferred out and EWIP Cost of goods transferred out Ending work in process (EWIP) 2. Calculate the unit cost for January. Round your answer to the nearest cent. per unit

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 Units completed and transferred out Units in process, January 31, 40% complete Costs: Work in process, January 1 Costs added during January 128,000 pints 740,000 pints 250,000 pints $256,000 1,424,000 Required: 1. Using the weighted average method, calculate the equivalent units for January.. equivalents units 3. Assign costs to units transferred out and EWIP Cost of goods transferred out Ending work in process (EWIP) 2. Calculate the unit cost for January. Round your answer to the nearest cent. per unit

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Description: Please do not give solution in image format thanku 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, A

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 5PB: Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units...

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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 184,000 pints Units completed and transferred out 700,000 pints Units in process, January 31, 40% complete 225,000 pints Costs: Work in process, January 1 $202,400 Costs added during January 666,600
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