Refer to the data for Pureform in E5-8. Data from E5-8 Pureform manufactures a product that passes

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Refer to the data for Pureform in E5-8.


Data from E5-8

Pureform manufactures a product that passes through two departments. Data for a recent month for the first department follow:Work in progress inventory, beginning Units started in process Units transferred out Work in progress

The beginning work in progress inventory was 80% complete as to materials and 60% complete as to processing. The ending work in progress inventory was 75% complete as to materials and 50% complete as to processing.


Required
1. Assume that the company uses the FIFO method of accounting for units and costs. Prepare a quantity schedule and a computation of equivalent units for the month.
2. Determine the costs per equivalent unit for the month.

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Related Book For  book-img-for-question

Management Accounting

ISBN: 9780077185534

6th Edition

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

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