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The beginning work in process inventory was 80 complete

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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 79,000 $ 99,000    $ 34,200    $ 46,700   
  Units started in process 749,000





  Units transferred out 770,000





  Work in process inventory, ending 58,000





  Cost added during the month
$ 1,297,800    $ 523,355    $ 598,120   

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 50% complete with respect to labor and overhead.
Required:
Assume that the company uses the FIFO method of accounting for units and costs.
1.

Compute the equivalent units for the month for the first processing department.

2.

Determine the costs per equivalent unit for the month. (Round your answers to 2 decimal places.)

Reference no: EM13579464

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