Question

Urbana University Current Studer x Mail. Justin Donovan - Outlook x Assignment 3.1 Week 3 Practice X C Gat Homework Help With Chene X + - 5 X E → C newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2Fpaamweb%2Findex.html%23%2Fregistration.2Fsignup%2Fg-z... O ☆ Assignment 3-1 Week 3 Practice a Seved Help Save & Exit Submit Check my work 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 $ 56,280 Labor 19,700 Overhead 24,100 points $ Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 58,00 549,989 570,000 37, as $ 743,270 $ 243, 160 $ 297,510 eBook 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 40% 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.) References Materials Labor Overhead 1. Equivalent units of production 2. Cost per equivalent unit < Prev 3 of 3 Next > Type here to search H o m e L 9 a 10:23 AM 2/5/2020

Answer 1

	Units charged to production:
	Work in process, Beginning			50000
	Units added during the period			549000
	Total units to be accounted for			599000
	Units to be assigned costs:
			Equivalent Units
		Whole Units	Direct Materials	Labor	Overhead
	Units completed during the period	570000	570000	570000	570000
	Ending, work in process	37000	22200	14800	14800
	Total units to be assigned costs	599000	592200	584800	584800
	Cost Information
	Cost per equivalent unit:
			Direct Materials	Labor	Overhead	Total Cost
	Beginning working in process		$             56,200	$           19,700	$             24,100	$    1,00,000
	Costs added during the month		$          7,43,270	$        2,43,460	$          2,97,540	$ 12,84,270
	Total costs to be accounted for		$          7,99,470	$        2,63,160	$          3,21,640	$ 13,84,270
	Total equivalent units		592200	584800	584800
	Cost per equivalent unit		$                1.35	$              0.45	$             0.55
	ANSWERS:
		Materials	Labor	Overhead
1]	Equivalent units of production	592200	584800	584800
2]	Cost per equivalent unit	$                1.35	$                      0.45	$                    0.55