Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involved–Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below:

A total of 380,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department.

Required:

Compute the equivalent units for July for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units.

Percent Completed Labor and Pounds of Materials Salmon Overhead Work in process, July 1 20,000 30% 100% 25,000 Work in process, July 31 60% 100%