Question: How do I solve this problem? Please try to use as much detail as possible about where the numbers come from. Pureform, Inc., uses the

How do I solve this problem? Please try to use as much detail as possible about where the numbers come from.
How do I solve this problem? Please try to use as much

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 Labor $ 64,800 $ 27,900 Overhead $ 34,600 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 64, eee 699,000 630, eee 43.ee $1,321,774 $ 417,165 $ 357,570 The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor and overhead. The ending work in process inventory was 65% complete with respect to materials and 25% 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.) Materials Labor Overhead Total 1 Equivalent units of production 2. Cost or equivalent unit

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