Ashvin Exercise 5-9 (Algo) Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO5-2,LO5-3]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 monthUnits70,000669,000690,00049,0001. Equivalent units of production2. Cost per equivalent unitMaterialsMaterials$ 61,100$ 323,805$ 462,650The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor andoverhead. The ending work in pro inve tory wa 70% complete with respect to materials and 50% complete with respect to laborand overhead.Labor$ 808,060Required: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.)Labor$ 26,300Overhead$ 37,500Overhead

Name: Ashvin Exercise 5-9 (Algo) Equivalent Units and Cost per Equivalent Un
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Ashvin Exercise 5-9 (Algo) Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [LO5-2,LO5-3]Pureform, Incorporated, uses the weighted-average method in its process costing system. It manufactures a product that passesthrough two dep