Question: Preparing Quantity Schedules and Equivalent Units [LO3 - CC11; L04 - CC12] nited Average Cost Method Alaskan Fisheries, Inc. processes salmon for various distributors. Two

Preparing Quantity Schedules and Equivalent Units [LO3 - CC11; L04 - CC12] nited Average Cost Method 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 Pounds of Percentago Salmon Complated Work in process, July 1 20,000 30% Started into processing during July 380,000 Work in process, July 31 25.000 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 4-8/49 EXER 60%

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