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 63,000 $ 54,400 $ 22,100 $ 26,900
Units started in process 599,000
Units transferred out 620,000
Work in process inventory,ending 42,000
Cost added during the month $ 802,980 $ 360,030 $ 420,035
The beginning work in process inventory was 80% complete withrespect to materials and 65% complete with respect to labor andoverhead. The ending work in process inventory was 60% completewith respect to materials and 50% complete with respect to laborand overhead.
Required:
Assume that the company uses the FIFO method in its processcosting system.
1. Compute the first department's equivalent units of productionfor materials, labor, and overhead for the month.
2. Compute the first department's cost per equivalent unit formaterials, labor, overhead, and in total for the month.(Round your answers to 2 decimal places.)

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Pureform Inc company uses the FIFO method 1 Compute the first departments equivalent units of production for materials labor and overhead for the month Units Material Labor Overhead Units Units Work in process Beginning 63000 20 12600 35 22050 Units started Completed and transferred out 557000 100 557000 100 557000 Work in process See Answer

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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, beginning63,000$54,400$22,100$26,900Units started in process599,000Units transferred out620,000Work in process inventory,ending42,000Cost added during the month$802,980$360,030$420,035The beginning work in process inventory was 80% complete withrespect to materials and 65% complete with respect to labor andoverhead. The ending work in process inventory was 60% completewith respect to materials and 50% complete with respect to laborand overhead.Required:Assume that the company uses the FIFO method in its processcosting system.1. Compute the first department's equivalent units of productionfor materials, labor, and overhead for the month.2. Compute the first department's cost per equivalent unit formaterials, labor, overhead, and in total for the month.(Round your answers to 2 decimal places.)

	Units	Materials		Labor		Overhead
Work in processinventory, beginning	63,000	$	54,400	$	22,100	$	26,900
Units started in process	599,000
Units transferred out	620,000
Work in process inventory,ending	42,000
Cost added during the month		$	802,980	$	360,030	$	420,035