Hardev Exercise 4-9 (Algo) Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO4-2,LO4-3]Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passesthrough two departments. Data for a recent month for the first department follow:Work in process inventory, beginningUnits started in processUnits transferred outWork in process inventory, endingCost added during the monthUnits64,000609,000630,00043,0001. Equivalent units of production2. Cost per equivalent unitMaterialsMaterials.$ 64,800$ 343,735The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor andoverhead. The ending work in process inventory was 65% complete with respect to materials and 25% complete with respect to laborand overhead.Labor$ 856,330Labor$ 27,900Required: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 2decimal places.)Overhead$ 34,600Overhead$ 426,740

Name: Hardev Exercise 4-9 (Algo) Equivalent Units and Cost per Equivalent Un
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Hardev Exercise 4-9 (Algo) Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO4-2,LO4-3]Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passesthrough two dep