Please explain! Pureform, Inc., manufactures a product that passes through two d
ID: 2427797 • Letter: P
Question
Please explain!
Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow:
The beginning work in process inventory was 80% complete with respect to materials and 65% complete with respect to labor and overhead. The ending work in process inventory was 60% complete with respect to materials and 50% complete with respect to labor and overhead.
Compute the equivalent units for the month for the first processing department.
Materials
Labor
Overhead
Determine the costs per equivalent unit for the month. (Round your answers to 2 decimal places.)
Materials
Labor
Overhead
Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow:
Explanation / Answer
Equivalent units
unit cost
Physical units Materials Labor overhead Beginning 63,000 12,600(20%) 22,050(35%) 22,050(35%) Transferred 557,000 557,000(100%) 557,000(100%) 557,000(100%) Ending 42,000 25,200(60%) 21,000(50%) 21,000(50%) units 662,000 594,800 600,050 600,050