(Answered) Question unit cost valuing goods transferred out and ewip

Accounting

Question: Unit Cost, Valuing Goods Transferred Out and EWIP During May, the molding department of Lawler Foundry completed and transferred out 42,000 units. At the end of May, there were 15,000 units in process, 60 percent complete. Paterson incurred manufacturing costs totaling $612,000.

Required: 1. Calculate the unit cost.

2. Calculate the cost of goods transferred out and the cost of EWIP.

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