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Problem
Pureform, Inc., 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
75,000
$ 102,200
$ 30,100
$ 42,000
Units started in process
709,000
Units transferred out
730,000
Work in process inventory, ending
54,000
Cost added during the month
$1,351,490
$ 371,110
$ 518,180
The beginning work in process inventory was 85% complete with respect to materials and 70% complete with respect to labor and overhead. The ending work in process inventory was 65% complete with respect to materials and 50% complete with respect to labor and overhead.
Required:
Assume that the company uses the weighted-average method of accounting for units and costs.
1. Compute the equivalent units for the month for the first department.2. Determine the costs per equivalent unit for the month.
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Value Chain Analysis
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