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 81,000 769, 000 790, 000 60, 000 Materials Labor Overhead Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the nonth $ 76,000 $ 36, 300 $ 49,200 $1,005,600 $ 447,500 $ 606, 800 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 7Ó% 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 t decimal places.) the month. (Round your answers to 2 Answer is complete but not entirely correct. Materials Labor Overhead 1. Equivalent units of production 2. Cost per equivalent unit 759,100 O 759,200 O 0.59 OS 759,200 1.32 O 0.80

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 81,000 769, 000 790, 000 60, 000 Materials Labor Overhead Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the nonth $ 76,000 $ 36, 300 $ 49,200 $1,005,600 $ 447,500 $ 606, 800 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 7Ó% 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 t decimal places.) the month. (Round your answers to 2 Answer is complete but not entirely correct. Materials Labor Overhead 1. Equivalent units of production 2. Cost per equivalent unit 759,100 O 759,200 O 0.59 OS 759,200 1.32 O 0.80

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Description: 3Pureform, 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.Units81,000769, 000790, 00060, 000Material

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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