Question: Exercise 5-10 (Static) Equivalent Units of Production-Weighted-Average Method [LO5-2] Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in
Exercise 5-10 (Static) Equivalent Units of Production-Weighted-Average Method [LO5-2] 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. Percent Completed Work in process inventory, July 1 Work in process inventory, July 31 Pounds of Salmon Labor and 20,000 25,000 Materials 100% 100% Overhead 30% 60% 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 Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July Materials Labor and Overhead Equivalent units of production
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
