Question

Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that...

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 Labor Overhead Work in process inventory, beginning 86,000 $ 84,000 $ 41,900 $ 55,600 Units started in process 819,000 Units transferred out 840,000 Work in process inventory, ending 65,000 Cost added during the month $ 1,111,425 $ 516,500 $ 686,025 The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 70% complete with respect to materials and 50% complete with respect to labor and 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 equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)

Homework Answers

Answer #1

1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.

Physical unit % EUP-material % EUP-labour % EUP-overhead
Units transferred out 840000 100% 840000 100% 840000 100% 840000
Ending work in process 65000 70% 45500 50% 32500 50% 32500
Total 905000 885500 872500 872500

2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month.

Material Labour Overhead
Beginning work in process 84000 41900 55600
Cost added during period 1111425 516500 686025
Total cost 1195425 558400 741625
Equivalent unit 885500 872500 872500
Cost per equivalent unit 1.35 0.64 0.85
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