Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passesthrough two departments. Data for a recent month for the first department follow:Work in process inventory, beginningUnits started in processUnits transferred outWork in process inventory, endingCost added during the monthUnits58,000Materials$ 56,200Labor$ 19,700Overhead$ 24,100549,000570,00037,000$ 743,270$ 243,460$ 297,540The beginning work in process inventory was 80% complete with respect to materials and 65% complete with respect to labor andoverhead. The ending work in process inventory was 60% complete with respect to materials and 40% complete with respect to laborand 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 equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2decimal places.)1. Equivalent units of production2. Cost per equivalent unitMaterialsLaborOverhead

Name: Pureform, Incorporated, uses the weighted-average method in its proce
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passesthrough two departments. Data for a recent month for the first department follow:Work in process inventory, beginningUnits s