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    Quantity Schedule, Equivalent Units

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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:

    Units Materials Labor Overhead
    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.

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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:

    Units Materials Labor Overhead
    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 ...

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