Exercise 5S.7 (Algo) Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO 5S.6,...
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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 two departments. Data for a recent month for the first department follow The beginning work in process inventory was 7035 compiete with tespecr to materiais and 55 ? cohplete with respect to labor and and overthesd Required: onswers to 2 decimot ploces:) The beginning work in process inventory was 70% complete with iespect to materials and 55% complete With respect to labor and overhead. The ending work in process inventory was 50% complete with respect to materials and 25% complete with respect to 1 abor and ovethead. Required: 1. Compute the first department's equivalent units of production for materials, labol and ovechead for the month 2 Compute the first department's cost per equivalent unit for materals, laboc ovemead and in total for the month, (Round your answers to 2 decimol places.)
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