Pureform, Inc., uses the weighted-average method in its processcosting system. It manufactures a product...

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Accounting

Pureform, Inc., uses the weighted-average method in its processcosting system. It manufactures a product that passes through twodepartments. Data for a recent month for the first departmentfollow:
Units Materials Labor Overhead
Work in processinventory, 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 withrespect to materials and 60% complete with respect to labor andoverhead. The ending work in process inventory was 75% completewith respect to materials and 50% complete with respect to laborand overhead.
Required:
1. Compute the first department's equivalent units of productionfor materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit formaterials, labor, and overhead for the month. (Round youranswers to 2 decimal places.)

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Requirement 1

EUP - Weighted Average Method	Units	% Material	EUP Materials	% Labor	EUP - Labor	% Overhead	EUP - Overhead
Units TRANSFERRED	42,000	100%	42,000	100%	42,000	100%	42,000
Units of ENDING WIP	8,000	75%	6,000	50%	4,000	50%	4,000

Equivalent Units of Production = ANSWER			48,000		46,000		46,000

Requirement 2

COST per EUP		Material	Labor	Overhead
Cost of Beginning WIP		$ 4,320.00	$ 1,040.00	$ 1,790.00
Cost incurred during the period		$ 52,800.00	$ 21,500.00	$ 32,250.00
Total Costs	Costs	$ 57,120.00	$ 22,540.00	$ 34,040.00
Equivalent units of production	EUP	48,000	46,000	46,000
Cost per EUP = Answer		$ 1.19000	$ 0.49000	$ 0.74000

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In: AccountingPureform, Inc., uses the weighted-average method in its processcosting system. It manufactures a product that...Pureform, Inc., uses the weighted-average method in its processcosting system. It manufactures a product that passes through twodepartments. Data for a recent month for the first departmentfollow:UnitsMaterialsLaborOverheadWork in processinventory, beginning5,000$4,320$1,040$1,790Units started in process45,000Units transferred out42,000Work in process inventory,ending8,000Cost added during the month$52,800$21,500$32,250The beginning work in process inventory was 80% complete withrespect to materials and 60% complete with respect to labor andoverhead. The ending work in process inventory was 75% completewith respect to materials and 50% complete with respect to laborand overhead.Required:1. Compute the first department's equivalent units of productionfor materials, labor, and overhead for the month.2. Determine the first department's cost per equivalent unit formaterials, labor, and overhead for the month. (Round youranswers to 2 decimal places.)

	Units	Materials		Labor		Overhead
Work in processinventory, 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