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: Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 70,000 669,000 690,000 49,000 1. Equivalent units of production 2. Cost per equivalent unit Materials Materials $ 61,100 $ 323,805 $ 462,650 The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 70% complete with respect to materials and 50% complete with respect to labor and overhead. Labor $ 808,060 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.) Labor $ 26,300 Overhead $ 37,500 Overhead

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 4E: Conte Chemical Co. uses the weighted average cost method. All materials are added at the start of...
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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:
Work in process inventory, beginning
Units started in process
Units transferred out
Work in process inventory, ending
Cost added during the month
Units
70,000
669,000
690,000
49,000
1. Equivalent units of production
2. Cost per equivalent unit
Materials
Materials
$ 61,100
$ 323,805
$ 462,650
The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and
overhead. The ending work in pro inve tory wa 70% complete with respect to materials and 50% complete with respect to labor
and overhead.
Labor
$ 808,060
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.)
Labor
$ 26,300
Overhead
$ 37,500
Overhead
Transcribed Image Text: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: Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 70,000 669,000 690,000 49,000 1. Equivalent units of production 2. Cost per equivalent unit Materials Materials $ 61,100 $ 323,805 $ 462,650 The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in pro inve tory wa 70% complete with respect to materials and 50% complete with respect to labor and overhead. Labor $ 808,060 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.) Labor $ 26,300 Overhead $ 37,500 Overhead
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