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 monthUnits76,000719,000740,00055,0001. Equivalent units of production2. Cost per equivalent unitMaterials$ 68,400$ 904,725$ 372,370$ 517,225The beginning work in process inventory was 90% complete with respect to materials and 75% complete with respect to labor andoverhead. The ending work in process inventory was 70% complete with respect to materials and 10% complete with respect to laborand overhead.> Answer is complete but not entirely correct.Materials825,900 xLabor781,500 X$Required:1. Computefirst 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.)1.09 $Labor$ 30,2000.48 X $OverheadOverhead$ 41,900781,500 X0.48 x

Name: Pureform, Incorporated, uses the weighted-average method in its proce
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: 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 s