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EXERCISE 4-6 Preparing a Quantity Schedule, Equivalent Units, and Cost per Equivalent Unit-Weighted Average Cost Method and FIFO Method [LO3-CC11 04-CC12, 13; L05-CC16; L06-CC17] Pureform,
EXERCISE 4-6 Preparing a Quantity Schedule, Equivalent Units, and Cost per Equivalent Unit-Weighted Average Cost Method and FIFO Method [LO3-CC11 04-CC12, 13; L05-CC16; L06-CC17] Pureform, Inc. man department follow: ufactures a product that passes through two departments. Data for a recent month for the fine Materials Labour Overhead Units 5,000 45,000 42,000 8,000 $ 4,500 $ 1,250 S 1,875 Work in process, beginning Units started in process Units transferred out Work in process, ending Cost added during the month 52,800 21,500 32,250 The beginning work in process inventory was 80% complete as to materials and 60% complete as to processing labour and overhead. The ending work-in-process inventory was 75% complete as to materials and 50% comple as to processing labour and overhead. The company combines labour and overhead to form the conversion cos category
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