Reference no: EM132661098
Units
Materials Labor Overhead
Work in process inventory, beginning 64,000
materials $64,800
labor $27,900
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:
overhead$34,600
Units started in process 609,000
Units transferred out 630,000
Work in process inventory, ending 43,000
Cost added during the month
materials $856,330
labor $343,735
overhead $426,740
The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor and overhead. The ending work in process inventory was 65% complete with respect to materials and 25% complete with respect to labor and overhead.
Required:
Problem 1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.
Problem 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.)