Answer Happy

Pureform, Inc., uses the weighted-average method in its process costing system. manufactures a product that passes through two departments. Data for a recent month for the first department follow: Labor $ 1,040 Overhead $ 1,790 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units Materials 5,000 $ 4,320 45,000 42,000 8,000 $52,800 $21,500 $32,250 The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead. 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.) *In our class, we combined labor and overhead cost together as conversion cost. To solve this problem, you can either (1) calculate equivalent units of production and cost per equivalent unit separately for labor cost and overhead cost or (2) combine labor and overhead cost together as conversion cost.