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Need help. work and steps if possible. thank you in advance! Pureform, Inc., uses the weighted average method in its process costing system. It manufactures
Need help. work and steps if possible. thank you in advance! 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. Materials $ 68, 600 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 80,000 760,000 790,ce 50.000 Labor $ 30, Overhead $ 18,00 $ 907,200 $ 170,000 $ 592,000 The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 60% complete with respect to materials and 20% 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.) Answer is complete but not entirely correct. Materials 1 Equivalent units of production Cost per equivalent unit Labor 200,000 $20.000 1.10 Overhead 700.000 0.80 2 S $ 050
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