Question
Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labor Overhead Work
Pureform, Inc., 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 58,000 $ 56,200 $ 19,700 $ 24,100 Units started in process 549,000 Units transferred out 570,000 Work in process inventory, ending 37,000 Cost added during the month $ 743,270 $ 243,460 $ 297,540 The beginning work in process inventory was 80% complete with respect to materials and 65% complete with respect to labor and overhead. The ending work in process inventory was 60% complete with respect to materials and 40% complete with respect to labor and overhead. Required: Assume that the company uses the weighted-average method of accounting for units and costs.
1. Compute the equivalent units for the month for the first department.
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2. Determine the costs per equivalent unit for the month. (Round your answers to 2 decimal places.)
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