Pureform, Inc., 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 87,000 $ 84,400 $ 42,200 $ 55,900 Units started in process 829,000             Units transferred out 850,000             Work in process inventory, ending 66,000             Cost added during the month   $ 1,116,480 $ 521,025 $ 689,290     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 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. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Pureform, Inc., 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 87,000 $ 84,400 $ 42,200 $ 55,900
Units started in process 829,000            
Units transferred out 850,000            
Work in process inventory, ending 66,000            
Cost added during the month   $ 1,116,480 $ 521,025 $ 689,290
 

 

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 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. 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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