Calculate the unit cost for june

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Question - Weighted Average Method, Unit Cost, Valuing Inventories

Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method:

Units completed

87,000

Units in EWIP X Fraction complete (36,000 X 60%)

21,600

Equivalent units of output

108,600

June's costs to account for are as follows:


BWIP (10,000 units, 80% complete)

$8,000

Materials

143,000

Conversion costs

64,000

Total

$215,000

Required:

1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent.

2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round unit cost to the nearest cent in intermediate calculations and final answers to the nearest dollar.

Reference no: EM132107496

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