Reference no: EM132510356

Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow:

                                                            Litres            Materials           Labour                Overhead

Work in process, June 1            80,000              $68,600          $30,000           $48,000

Litres started in process              760,000

Litres transferred out                790,000

Work in process, June 30                     50,000

Cost added during June                                $907,200                $370,000                       $592,000

• The beginning work in process inventory was 80% complete with respect to materials and 75% complete with respect to labour and overhead. The ending work in process inventory was 60% complete with respect to materials and 20% complete with respect to labour and overhead.

Required:

Assume that the company uses the weighted-average method of accounting for units and costs.

Question 1. Compute the equivalent units for June's activity for the first department.

Question 2. Determine the costs per equivalent unit for June. (Round your answers to 2 decimal places.)