er 05 Homework Saved Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compla Pureform, Inc., uses the FIFO 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: Materials $ 54,400 Labor $ 22,100 Overhead $ 26,900 Work in process inventory, beginning Unit started in process Units transferred out Work in process inventory, ending Cost added during the month Units 63,000 599,000 620.000 42,000 $ 802,980 $360,030 $ 420,035 The beginning work in process inventory was 80% complete with respect to materials and 65% complete with respect to labor and overhead. The ending work in process inventory was 60% 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. Compute the first department's cost per equivalent unit for materials, labor, overhead, and in total for the month. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Materials Labor Overhead Total 594,800 600,050 600,050 $ 1.35 $ 0,65 S 0.64 $ 2,65 Equivalent units of production Cost per equivalent unit 2. MacBook Pro