Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its...

 

Transcribed Image Text:

Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Pounds of Salmon Work in process inventory, July 1 Work in process inventory, July 31 27,000 22,000 Percent Completed Materials 100% 100% Labor and Overhead 51% 60% A total of 460,000 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 Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Equivalent units of production Materials Labor and Overhead Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Pounds of Salmon Work in process inventory, July 1 Work in process inventory, July 31 27,000 22,000 Percent Completed Materials 100% 100% Labor and Overhead 51% 60% A total of 460,000 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 Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Equivalent units of production Materials Labor and Overhead