
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Pureform, Incorporated, 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.
Units
81,000
769, 000
790, 000
60, 000
Materials
$ 76,000
Labor
$ 36, 300
Overhead
$ 49, 200
Work in process inventory, beginning
Units started in process
Units transferred out
Work in process inventory, ending
Cost added during the nonth
nts
$ 1,005, 600
$ 447,500
$ 606, 800
The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and
overhead. The ending work in process inventory was 70% complete with respect to materials and 50% complete with respect to labor
and overhead.
Required:
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equlvalent unit for materials, labor, and overhead for the month. (Round your answers to 2
decimal places.)
Answer is complete but not entirely correct.
Materials
Labor
Overhead
1. Equivalent units of production
2 Cost per equivalent unit
759,100 0
1.32 O S
759,200 O
0.59 OS
759,200 O
0.80
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