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

4.1 Ratings (623 Votes)

UNITS TO ACCOUNT FOR:
Beginning Work in Process units		79,000
Add: Units Started in Process		751,000
Total Units to account for:		830,000

UNITS TO BE ACCOUNTED FOR:
Units completed from Beginning WIP		79000
Units started and completed		721,000
Ending Work in Process		30,000
Total Units to be accounted for:		830,000

Equivalent Units:
	Material Cost		Labour		Conversion
	% Completion	Units	% Completion	Units	% Completion	Units
Units completed from Beg. WIP	30%	23,700	45%	35,550	45%	35,550
Units started and completed	100%	721,000	100%	721,000	100%	721,000
Ending Work in Process	50%	15,000	30%	9,000	30%	9,000
Total Equivalent units		759,700		765,550		765,550



COST PER EQUIVALENT UNIT:
	Material	Labour	Overheads	TOTAL
Total cost added during the year	1,557,385	612,440	688,995
Equivalent Units	759,700	765,550	765,550
Cost per Equivalent unit	2.05	0.8	0.9	3.75

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