Pureform, Inc., uses the weighted-average method in its process costing system.

Question

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 61,000 49,700 10,600 S 24,300 Labor Overhead Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month 579,000 600,000 40,000 S 657,100 S 130,160 S 300,060 The beginning work in process inventory was 70% complete with respect o materials and 55% complete to materials and 30% complete with respect to labor and overhead respect o la or a dove head. The endin workin process n en ry was complete h respect 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 . Equivalent units of production 2. Cost per equivalent unit

Explanation / Answer

1) Equivalent unit of production :

Cost per equivalent unit :

Material Labour Overhead Unit completed and transferred out 600000 600000 600000 Ending work in process 40000*50% = 20000 40000*30% = 12000 40000*30% = 12000 Equivalent unit of production 620000 612000 612000

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