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 | 61,000 | $49,700.00 | $10,600.00 | $24,300.00 |
Units started in process | 579,000 |
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Units transferred out | 600,000 |
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Work in process inventory, ending | 40,000 |
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Cost added during month |
| $657,100.00 | $130,160.00 | $300,060.00 |
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: | ||||||||||||||||||||||
Assume that the company uses the weighted-average method of accounting for units and costs.
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