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Exe 4-17) Quantity Schedule, Equivalent Units, and Cost per Equivalent Unit-Weighted Average Method
Pureform, Inc., Manufactures a product that passes through two departments. Data for a recent month for the first department follow:

Work in process, beginning.........5,000 \$4,320 \$1,040 \$1,790
Units started in process..............45,000
Units transferred out..................42,000
Work in process, ending................8, 000
Cost added during the month...................... \$52,800 21,500 \$32,250

The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with respect to labor and overhead.
Requires:
1. Assume that the company uses the weighted-average method of accounting for units and costs. Prepare a quantity schedule and a computation of equivalent units for the month for the first department.
2. Determine the costs per equivalent unit for the month.

1.)
Materials Conversion
Units transferred to the next department............42,000 42,000
Work in process,
8,000 units x 75% complete with respect to materials......6,000
8,000 units x 50% complete with respect to conversion...................4, 000
Equivalent units of production......................48, 000 46,000
Ok I don't know if this is correct.

Quantity Schedule:
Units to be accounted for:
Work in process, (materials 80%complete, conversion 60%)...................5, 000
Started into production............45,000
Total units to be accounted for..........50, 000

Units accounted for as follows: .Materials Conversion
Transferred to next dept................42, 000
Work in process, (materials 75% complete, conversion 50%complete)...8,000
Total units accounted for 50,000 (42,000+8,000=50,000)
8,000 units x 75% =6,000 equivalent units
8,000 units x 50%= 4,000 equivalent units

Equivalent units
MATERIALS 48,000 and Conversion 46,000/
I need help doing the cost per equivalent unit
I can't figure out the total cost.
I can come over tomorrow after work or whatever you don't have class. It is not due until Sunday.

Exe 4-18). Quantity Schedule, Equivalent Units, and Cost per Equivalent Unit-FIFO Method
Refer to data in exe 4-17
Required:
1. Assume that the company uses the FIFO method of accounting for units and costs. Prepare a quantity schedule and a computation of equivalent units for the month for the first processing department.
2. Determine the costs per equivalent unit for the month.

#### Solution Preview

Exe 4-17) Quantity Schedule, Equivalent Units, and Cost per Equivalent Unit-Weighted Average Method
Pureform, Inc., Manufactures a product that passes through two departments. Data for a recent month for the first department follow:

Work in process, beginning.........5,000 \$4,320 \$1,040 \$1,790
Units started in process.............45,000
Units transferred out............... 42,000
Work in process, ending......... .8, 000
Cost added during the month...................... \$52,800 \$21,500 \$32,250

The beginning work in process inventory was 80% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 75% complete with respect to materials and 50% complete with ...

#### Solution Summary

This solution is comprised of a detailed explanation to answer the request of the assignment of more than 300 words of text.

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