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ts 02:50:06 eBook Hint Print References 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 66,000 629,000 650,000 45,000 1. Equivalent units of production 2. Cost per equivalent unit Materials Materials $ 54,800 $ 725,300 Labor Labor $ 22,400 The beginning work in process inventory was 70% complete with respect 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 30% complete with respect to labor - and overhead. $ 276,175 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.) Overhead Overhead $ 32,800 $ 405,110

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: The beginning work in process inventory was 70% complete with respect 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 30% complete with respect to labor and overhead. Required: 1. Compute the first department's equivalent units of production for materials, laboc, and overhead for themonth 2 Determine the first department's cost per equivalent unit for materials, labor, and overthead for the month. (Round your answers to 2 decimal ploces.)

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