Question: Pureform, Incorporated, uses the weighted - average method in its process costing system. It manufactures a product that passes through two departments. Data for a

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 66,000 $ 54,800 $ 22,400 $ 32,800
Units started in process 629,000
Units transferred out 650,000
Work in process inventory, ending 45,000
Cost added during the month $ 725,300 $ 276,175 $ 405,110
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.
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.)

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Answer 1 Equivalent Units of Production Materials Beginning WIP 66000 units x 70 46200 units Units s... View full answer

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