Pureform, Inc. manufactures a product that passes through two departments. Data for a recent month for the first department follow: Units Materials Labour Overhead Work in process, beginning 5,000 $ 4,000 $ 1,600 $ 1,650 Units started in process 46,000 Units transferred out 43,300 Work in process, ending 7,700 Cost added during the month 63,805 22,075 39,735 The beginning work-in-process inventory was 70% 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% complete as to processing labour and overhead. The company combines labour and overhead to form the conversion cost category.

Required: 1. Assume that the company uses the weighted average cost method of accounting for units and costs. Prepare a quantity schedule and a computation of equivalent units for the month.

2. Determine the costs per equivalent unit for the month. (Round intermediate calculations and final answer to 3 decimal places.)

3. Repeat the requirements of parts (1) and (2) using the FIFO method. (Round "Costs per equivalent" to 2 decimal places.)