Question: Refer to the data in Exercise 42. Required: Prepare quantity schedules and a computation of equivalent units for July for Department 1 using the FIFO

Refer to the data in Exercise 4–2.

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

Required:

Prepare quantity schedules and a computation of equivalent units for July for Department 1 using the FIFO method. Use the format of Exhibit 4–8/4-9.

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

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