The Alaskan Fisheries, Inc. processes salmon for various distributors. Two departments are involved—department 1 and department 2. Data relating to pounds of salmon processed in department 1 during July are presented below: Pounds of SalmonPercentage Completed* Work in process, July 120,000 30% Started into processing during July380,000 — Work in process, July 3125,000 60% *Labour and overhead only. All materials are added at the beginning of processing in department 1. Labour and overhead (conversion) costs are incurred uniformly throughout processing. Required: Prepare quantity schedules and a computation of equivalent units for July for department 1 using the FIFO method.