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 65,000 619,000 640,000 44,000 Materials $ 54,200 Labor $ 21,800 Overhead $ 32,300 $ 717,220 $ 269,480 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. $ 398,000 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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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
65,000
619,000
640,000
44,000
1. Equivalent units of production
2. Cost per equivalent unit
Materials
Materials
$ 54,200
$ 717,220
$ 269,480
$ 398,000
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.
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
Labor
$ 21,800
Overhead
$ 32,300
Overhead
Transcribed Image Text: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 65,000 619,000 640,000 44,000 1. Equivalent units of production 2. Cost per equivalent unit Materials Materials $ 54,200 $ 717,220 $ 269,480 $ 398,000 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. 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 Labor $ 21,800 Overhead $ 32,300 Overhead
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