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Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below.

	Direct Materials				Conversion Costs
Units completed		44,000				44,000
Add: Units in ending work in process
Percentage complete:
14,000 100% direct materials		14,000
14,000 40% conversion materials						5,600
Eqivalent units of output		58,000				49,600
Costs:
Work in process, December 1:
Direct materials						$61,000
Conversion costs						14,000
Total work in process						$75,000
Current costs:
Direct materials						$530,000
Conversion costs						188,000
Total current costs						$718,000

Required:

1. Calculate the unit cost for December, using the weighted average method. Round interim calculations to the nearest cent and, if required, round your answer to the nearest cent. $fill in the blank 1 per equivalent unit

2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Round interim calculations to the nearest cent and, if required, round your answer to the nearest dollar.

Cost of goods transferred out:

Units completed	$fill in the blank 2
Cost of EWIP	fill in the blank 3
Total costs assigned (accounted for)	$fill in the blank 4

Reconciliation Cost to account for:

BWIP	$fill in the blank 5
Current (December)	fill in the blank 6
Total	$fill in the blank 7

3. What if you were asked to show that the weighted average unit cost for materials is the blend of the November unit materials cost and the December unit materials cost? The November unit materials cost is $4.36 ($61,000 / 14,000), and the December unit materials cost is $12.05 ($530,000 / 44,000). The equivalent units in BWIP are 14,000, and the FIFO equivalent units are 44,000. Calculate the weighted average unit materials cost using weights defined as the proportion of total units completed from each source (BWIP output and current output). Round interim calculations to the nearest cent and, if required, round your answer to the nearest cent. $fill in the blank 8 per unit

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