Please do not give solution in image format thanku Exercise 5S-7 (Algo) Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO 5S-6,LO 5S-7]Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactures a product that passes through twodepartments. Data for a recent month for the first department followWork in process inventory, beginningUnits started in processUnits transferred outWork in process inventory, endingCost added during the monthUnits86,000814,000820,00080,0001. Equivalent units of production2. Cost per equivalent unitMaterialsMaterials$ 70,200$ 1,798,200$ 437,855The beginning work in process inventory was 80% complete with respect to materials and 65% complete with respect to labor andoverhead. The ending work in process inventory was 60% complete with respect to materials and 40% complete with respect to laborand overhead.LaborRequired:1 Compute the first department's equivalent units of production for materials, labor, and overhead for the month.2. Compute the first department's cost per equivalent unit for materials, labor, overhead, and in total for the month (Round youranswers to 2 decimal places.)Labor$ 39,600Overhead$398,050TotalOverhead$ 53,000

Name: Please do not give solution in image format thanku Exercise 5S-7 (Algo
Uploaded: 2024-03-20T06:32:49.000Z
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Description: Please do not give solution in image format thanku Exercise 5S-7 (Algo) Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO 5S-6,LO 5S-7]Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactur