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, 000Materials$ 76,000Labor$ 36, 300Overhead$ 49, 200Work in process inventory, beginningUnits started in processUnits transferred outWork in process inventory, endingCost added during the nonthnts$ 1,005, 600$ 447,500$ 606, 800The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor andoverhead. The ending work in process inventory was 70% complete with respect to materials and 50% complete with respect to laborand 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 equlvalent unit for materials, labor, and overhead for the month. (Round your answers to 2decimal places.)Answer is complete but not entirely correct.MaterialsLaborOverhead1. Equivalent units of production2 Cost per equivalent unit759,100 01.32 O S759,200 O0.59 OS759,200 O0.80

Name: 3Pureform, Incorporated, uses the weighted-average method in its proc
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
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