Finlay Fisheries processes salmon for various distributors. Two departments are involved Department 1 and Department 2.

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Finlay Fisheries processes salmon for various distributors. Two departments are involved – Department 1 and Department 2. Data relating to kilos of salmon processed in Department 1 during July are presented below:Work in progress, 1 July Started into processing during July Work in progress, 31 July *Labour and overhead

All materials are added at the beginning of processing in Department 1. Labour and overhead (conversion) costs are incurred uniformly throughout processing.


Required
Prepare a quantity schedule and a computation of equivalent units for July for Department 1 assuming that the company uses the weighted-average method of accounting for units.

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Management Accounting

ISBN: 9780077185534

6th Edition

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

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