Pureform, Inc., manufactures a product that passes through twodepartments. Data for a recent month for the first departmentfollow: Units Materials Labor Overhead Work in process inventory,beginning 91,000 $ 92,400 $ 47,900 $ 62,400 Units started inprocess 869,000 Units transferred out 890,000 Work in processinventory, ending 70,000 Cost added during the month $ 1,222,200 $590,350 $ 770,100 The beginning work in process inventory was 90%complete with respect to materials and 75% complete with respect tolabor and overhead. The ending work in process inventory was 70%complete with respect to materials and 50% complete with respect tolabor and overhead. Required: Assume that the company uses theweighted-average method of accounting for units and costs. 1.Compute the equivalent units for the month for the firstdepartment. 2. Determine the costs per equivalent unit for themonth. (Round your answers to 2 decimal places.)
Pureform, Inc., manufactures a product that passes through twodepartments. Data for a recent month for the first departmentfollow: Units Materials Labor Overhead Work in process inventory,beginning 91,000 $ 92,400 $ 47,900 $ 62,400 Units started inprocess 869,000 Units transferred out 890,000 Work in processinventory, ending 70,000 Cost added during the month $ 1,222,200 $590,350 $ 770,100 The beginning work in process inventory was 90%complete with respect to materials and 75% complete with respect tolabor and overhead. The ending work in process inventory was 70%complete with respect to materials and 50% complete with respect tolabor and overhead. Required: Assume that the company uses theweighted-average method of accounting for units and costs. 1.Compute the equivalent units for the month for the firstdepartment. 2. Determine the costs per equivalent unit for themonth. (Round your answers to 2 decimal places.)
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Pureform, Inc., manufactures a product that passes through twodepartments. Data for a recent month for the first departmentfollow: |
| Units | Materials | Labor | Overhead | ||||
| Work inprocess inventory, beginning | 63,000 | $ | 54,400 | $ | 22,100 | $ | 26,900 |
| Units started inprocess | 599,000 | ||||||
| Units transferredout | 620,000 | ||||||
| Work in processinventory, ending | 42,000 | ||||||
| Cost added duringthe 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 theFIFO method of accounting for units and costs. |
| 1. | Compute the equivalent units for the month for the firstprocessing department. Materials Labor Overhead |
| 2. | Determine the costs per equivalent unit for the month.(Round your answers to 2 decimal places.) Materials Labor Overhead |
Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow:
| Units | Materials | Labor | Overhead | ||||
| Work in process inventory, beginning | 70,000 | $ | 61,100 | $ | 26,300 | $ | 37,500 |
| Units started in process | 669,000 | ||||||
| Units transferred out | 690,000 | ||||||
| Work in process inventory, ending | 49,000 | ||||||
| Cost added during the month | $ | 808,060 | $ | 323,805 | $ | 462,650 | |
The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor and overhead. The ending work in process inventory was 70% complete with respect to materials and 50% complete with respect to labor and 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 2 decimal places.)
| Materials | Labor | Overhead | ||
| 1 | Equivalent units of production | |||
| 2 | Cost per equivalent unit |
Heller Corporation uses the weighted-average method in itsprocess costing system. Data concerning the first processingdepartment for the most recent month are listed below: |
| Beginning work inprocess inventory: | |
| Units in beginning work in processinventory | 2,000 |
| Materials costs | $14,400 |
| Conversion costs | $11,200 |
| Percent complete with respect tomaterials | 65% |
| Percent complete with respect toconversion | 30% |
| Units started intoproduction during the month | 36,800 |
| Units transferred tothe next department during the month | 33,200 |
| Materials costsadded during the month | $277,500 |
| Conversion costsadded during the month | $443,900 |
| Ending work inprocess inventory: | |
| Units in ending work in processinventory | 5,600 |
| Percent complete with respect tomaterials | 60% |
| Percent complete with respect toconversion | 25% |
| What are the equivalent unitsfor materials for the month in the first processingdepartment? |
3,360 units
33,200 units
38,800 units
36,560 units
