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:

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 according to the weighted average cost method of accounting for units. Use the format of Exhibit 4?8/4?9.

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Pounds of Salmon Percentage Completed* Work in process, July 1 20,000 30% Started into processing during July 380,000 Work in process, July 31 60% 25,000