Please do not give solution in image format thanku Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactures a product that passes through twodepartments. 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 monthUnits64,000609,000630,00043,0001. Equivalent units of production2. Cost per equivalent unitMaterialsMaterials$ 64,800$ 357,570The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor andoverhead. The ending work in process inventory was 65% complete with respect to materials and 25% complete with respect to laborand overhead.Labor$ 1,321,774Labor$ 27,900Required:1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.2. Compute the first department's cost per equivalent unit for materials, labor, overhead, and in total for the month. (Round youranswers to 2 decimal places.)Overhead$ 417,165Overhead$ 34,600Total

Name: Please do not give solution in image format thanku Pureform, Incorpora
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Please do not give solution in image format thanku Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactures a product that passes through twodepartments. Data for a recent month for the first department follow:Work