Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that p

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Pureform Incorporated Uses The Weighted Average Method In Its Process Costing System It Manufactures A Product That P 1 (34.76 KiB) Viewed 10 times

Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow Work in process inventory, beginning Units started in process Units transferred out Mork in process inventory, ending Cost added during the month Units 64,000 609,000 630,000 43,000 1. Equivalent units of production 2. Cost per equivalent unit Materials Materials $ 64,000 $ 856,330 $ 343,735 $ 426,740 The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor and overhead. The ending work in process inventory was 65% complete with respect to materials and 25% complete with respect to labor and overhead, Labor Labor $ 27,900 Required: 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month. 2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month (Round your answers to 2 decimal places.) Overhead $ 34,000 Overhead Check my work