Determine the costs per equivalent unit for the month

Assignment Help Financial Accounting

Reference no: EM131253815

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 5,000 $ 4,320 $ 1,040 $ 1,790 Units started in process 45,000 Units transferred out 42,000 Work in process inventory, ending 8,000 Cost added during the month $ 52,800 $ 21,500 $ 32,250 The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% 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. 2. Determine the costs per equivalent unit for the month. (Round your answers to 2 decimal places.) ReferenceseBook & Resources WorksheetDifficulty: 1 Easy

Reference no: EM131253815

Questions Cloud

Units-of-output depreciation : Equipment acquired at a cost of $400,000 has an estimated residual value of $22,600, has an estimated useful life of 51,000 hours, and was operated 5,100 hours during the year.

Impact both consumers and producers : A per-unit tax on carrots could impact both consumers and producers. How can we measure how much each group is hurt by the tax? And what factors are important determinants of how this burden is shared between consumers and producers?

Discuss the different sources of epidemiologic data : Discuss the different sources of epidemiologic data and what each is used for. Present the most important criteria for assessing the quality and utility of epidemiologic data? Explain why these criteria are so important.

Amount of time you spend on social networking sites : Keep track of the amount of time you spend on social networking sites for one week. Do you think that this is time well spent? Why or why not?

Determine the costs per equivalent unit for the month : 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, Compute the equivalent units for the month for the first de..

Change in consumer preferences : What would happen in the short-run and in the long-run to the profits of firms selling mushrooms if there was a decrease in market demand of mushrooms due to a change in consumer preferences?

What is meant by structural empowerment : If a leader's job is to develop the future of the organization how does motivation and empowerment fit in to this role? What is meant by structural empowerment? Why is it important to the leader

Problems of sharing personal information online : Discuss the advantages and potential problems of sharing personal information online. -What information collected by social networking sites do you think should be kept private from the general public.

Thoughts about extreme couponing : What are your thoughts about extreme couponing? Should retailers take steps to restrict it or embrace it as some online retailers have?

User Account

All Pages