Exercise 5-9 (Algo) Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO5-2. LO5-3) 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 Units Materials Labor Overhead Work in process inventory, beginning 86,000 $ 70,200 $ 39,600 $ 53,000 Units started in process 814,000 Units transferred out 820,000 Work in process inventory, ending 80,000 Cost added during the month $ 928,000 $ 488,640 $ 654,160 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 40% 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.) 1. Equivalent units of production 2. Cost per equivalent unit Materials 130,000 $ 7.60 Labor 114.000 4.63 $ Overhead 114.000 620