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 recent month
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. The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% 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. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
