Homework Answers
1) compute equivalent units of production for material, labour, OVERHEAD (FIFO METHOD)
| Particular | units | Material | labour | OVERHEAD | |
| Units transferred | |||||
| Beginning INVENTORY | 65000 |
[65000×25%] 16250 |
[65000×40%] 26000 |
[65000×40%] 26000 |
|
| Units completed(610000-65000) | 545000 |
[545000×100%] 545000 |
[545000×100%] 545000 |
[545000×100%] 545000 |
|
| Ending inventory | 72000 |
[72000×55%] 39600 |
[72000×35%] 25200 |
[72000×35%] 25200 |
THEREFORE EQUIVALENT UNIT OF MATERIAL=16250+545000+39600=600850units
EQUIVALENT UNIT OF LABOUR= 26000+545000+25200=596200units
Equivalent units of overhead=26000+545000+25200 =596200
2) calculate cost per equivalent units
| Particular | material | labour | OVERHEAD |
| (a)cost incurred during month | $1484100 | $268290 | $327910 |
| (b)Equivalent PRODUCTION | 600850 | 596200 | 596200 |
| Cost per unit [a/b] | $2.47 | $0.45 | $0.45 |
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Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 65,000 $ 68,500 $ 5,700 $ 21,400 Units started in process 617,000 Units transferred out 610,000 Work in process inventory, ending 72,000 Cost added during the month $ 1,484,100 $ 268,290 $ 327,910 The beginning work in process inventory was 75%...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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%...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 $ 82,500 Labor $ 24,900 Overhead $ 35,800 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 69,000 659, eee 60.AP 48,eee $1,044, 68e $ 160,925 $ 482,775 The beginning work in process inventory was...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 $ 84,400 Labor $ 42,200 Overhead $ 55,900 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 87,000 829,000 850,000 66,000 $ 986,520 $ 491,190 $ 654,920 The beginning work in process inventory was 70%...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 69,000 $ 82,500 $ 24,900 $ 35,800 inventory, beginning Units started in 659,000 process Units transferred out 680,000 Work in process 48,000 inventory, ending Cost added during the $1,044,080 $160,925 $482,775 month The beginning work in process inventory was 85% complete with respect...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 $ 122, 200 $ 37,400 $ 50,300 Work in process inventory, beginning Units started in process 80,000 762,000 810, 000 32,000 Units transferred out Work in process inventory, ending Cost added during the month $ 392,700 $ 431,200 $1,650,340 The beginning work in process inventory was...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 $ 4,320 Labor $ 1,040 Overhead $ 1,790 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 5,000 45,000 42,000 8,000 $ 52,800 $ 21,500 $ 32,250 The beginning work in process inventory was 80%...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 $ 54,400 Labor 22,100 Overhead S 26,900 S 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 $ 802,980 $ 360,030 $ 420,035 The beginning work in process inventory was 80%...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 $ 82,500 Labor $ 24,900 Overhead $ 35,800 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 69,000 659,000 680,000 48,000 $1,044,080 $ 160,925 $ 482,775 The beginning work in process inventory was 85% complete...
Pureform, Inc., uses the FIFO method in its process costing system. It manufactures a product that...
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 Unita Materials Labor Overhead 61,600 5 15,700 29,100 Work in process eventory, beginning Units started in process Units transferred out Work in process inventory, anding Cost added during the month 559.000 580,000 38,000 $1,310,830 $ 194,530 $ 222,320 The beginning work in process inventory was 85% complete with respect to...
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%...
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 $ 82,500 Labor $ 24,900 Overhead $ 35,800 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 69,000 659, eee 60.AP 48,eee $1,044, 68e $ 160,925 $ 482,775 The beginning work in process inventory was...
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 $ 84,400 Labor $ 42,200 Overhead $ 55,900 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 87,000 829,000 850,000 66,000 $ 986,520 $ 491,190 $ 654,920 The beginning work in process inventory was 70%...
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 69,000 $ 82,500 $ 24,900 $ 35,800 inventory, beginning Units started in 659,000 process Units transferred out 680,000 Work in process 48,000 inventory, ending Cost added during the $1,044,080 $160,925 $482,775 month The beginning work in process inventory was 85% complete with respect...
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 $ 122, 200 $ 37,400 $ 50,300 Work in process inventory, beginning Units started in process 80,000 762,000 810, 000 32,000 Units transferred out Work in process inventory, ending Cost added during the month $ 392,700 $ 431,200 $1,650,340 The beginning work in process inventory was...
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 $ 4,320 Labor $ 1,040 Overhead $ 1,790 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 5,000 45,000 42,000 8,000 $ 52,800 $ 21,500 $ 32,250 The beginning work in process inventory was 80%...
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 $ 54,400 Labor 22,100 Overhead S 26,900 S 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 $ 802,980 $ 360,030 $ 420,035 The beginning work in process inventory was 80%...
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 $ 82,500 Labor $ 24,900 Overhead $ 35,800 Work in process inventory, beginning Units started in process Units transferred out Work in process inventory, ending Cost added during the month Units 69,000 659,000 680,000 48,000 $1,044,080 $ 160,925 $ 482,775 The beginning work in process inventory was 85% complete...
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 Unita Materials Labor Overhead 61,600 5 15,700 29,100 Work in process eventory, beginning Units started in process Units transferred out Work in process inventory, anding Cost added during the month 559.000 580,000 38,000 $1,310,830 $ 194,530 $ 222,320 The beginning work in process inventory was 85% complete with respect to...
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