Therefore - | Materials | Labor | Overheads |
1) Equivalent units of production | 620,000 | 612,000 | 612,000 |
2) Cost per equivalent unit | $1.14 | $0.23 | $0.53 |
Working notes:
1) | Materials | Labor | Overheads | ||||
Units (a) | % (b) | Equivalent Units (a*b) | % (c ) | Equivalent Units (a*c) | % (d) | Equivalent Units (a*d) | |
Units transferred out | 600,000 | 100% | 600,000 | 100% | 600,000 | 100% | 600,000 |
Work-in process inventory, ending | 40,000 | 50% | 20,000 | 30% | 12,000 | 30% | 12,000 |
Totals | 640,000 | 620,000 | 612,000 | 612,000 |
2) | Materials | Labor | Overheads | Total |
Work-in process inventory, beginning | $49,700 | $10,600 | $24,300 | $84,600 |
Add: Costs added during the month | $657,100 | $130,160 | $300,060 | $1,087,320 |
Total Costs accounts for equivalent units (a) | $706,800 | $140,760 | $324,360 | $1,171,920 |
Equivalent units of production (b) | 620,000 | 612,000 | 612,000 | 1,844,000 |
Cost per equivalent unit (a/b) | $1.14 | $0.23 | $0.53 | $0.64 |
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted Average Method (LO5-2, LO5-3] Pureform, Inc., uses...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] 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: points Materials $ 44,700 Labor 17,700 Overhead $ 23,100 $ Units 56,000 529,000 550,000 35,000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month eBook...
Exercise 5-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (LO5-2, LO5-3] 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: Materials $ 56,200 Labor $ 19,700 Overhead $ 24,100 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 58,000 549,000 570,000 37,000 $...
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] 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 86,000 $ 70,200 $ 39,600 $ 53,000 inventory, beginning Units started in process 814,000 Units transferred out 820,000 Work in process 80,000 inventory, ending Cost added during the $928,000 $488,640...
help plz Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted Average Method [LO4-2, LO4-3] 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: Labor $ 27,900 Overhead $ 34,600 Units Materials Work in process 64,000 $ 64,800 inventory, beginning Units started in 609,000 process Units transferred out 630,000 Work in process 43,000 inventory, ending Cost added during...
Pureform, Inc., uses the FIFO 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: Materials $ 49,700 $ Labor 10,600 Overhead $ 24,300 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 61,000 579,000 600,000 40,000 $ 894,815 $ 289,225 $ 347,070 The beginning work in process inventory was 70%...
Exercise 5S-7 Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO5S-6, LO5S-7] Pureform, Inc., uses the FIFO 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 97,000 $ 101,200 $ 54,300 $ 69,600 Units started in process 918,000 Units transferred out 940,000 Work in process inventory, ending 75,000 Cost added during the month...
question 1 and 2 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: Materials $ 102,200 $ Labor 30,100 Overhead $ 42,000 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory. ending Cost added during the month Unito 75,000 709,000 730,000 54,000 $1,351,490 $371,110 $ 518,180 The beginning work in process...
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: Materials $ 54,400 Labor $ 22,100 Overhead $ 26,900 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 63,000 599,000 620,000 42,000 $ 719,840 $ 272,760 $ 332,060 The beginning work in process inventory was 80%...
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: Materials $ 61,600 $ Labor 15,700 Overhead $ 29,100 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 59,000 559,000 580,000 38,000 $ 815, 215 $ 193,285 $ 359,015 The beginning work in process inventory...
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%...