Question: Check my work 2 Pureform, Inc., uses the weighted-average method in its process costing system. It manufacturesa product that passes through two departments. Data for
Check my work 2 Pureform, Inc., uses the weighted-average method in its process costing system. It manufacturesa 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 Work in process inventory, ending Cost added during the month Units Materials 61,000 $ 49,700 s 10,600 S 24,300 579,000 600,000 40,000 S 657,100 130,160 300,868 The beginning work in process inventory was 70% complete with respect to materials and 55% complete with respect to labor and overhead. The ending work in process inventory was 50% complete with respect to materials and 30% 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. t's cost per equivalent unit for materials, labor, and overhead for the 2 Determine the first departmen month. (Round your answers to 2 decimal places.) Materials Labor Overhead 1 Equivalent unts of production 2 Cost per equvalent unit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
