Managerial Accounting (ACC-2220)

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, 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 decimol places.) 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.)