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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 73,000 $ 57,100 $ 27,700 $ 39,000 Units started in process 689,000 Units transferred out 710,000 Work in process inventory, ending 52,000 Cost added during the month $ 755,360 $ 341,030 $ 481,560 The beginning work in process inventory was 75% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 55% complete with respect to materials and 25% 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.)

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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 710000 100% 710000 100% 710000 100% 710000
Ending work in process 52000 55% 28600 25% 13000 25% 13000
Total 762000 738600 723000 723000

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 57100 27700 39000
Cost added during period 755360 341030 481560
Total cost 812460 368730 520560
Equivalent unit 738600 723000 723000
Cost per equivalent unit 1.10 0.51 0.72
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