Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data
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Question:
Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow:
Percent Completed
Tons of Salmon Direct Materials Conversion
Workinprocess inventory, May
WorkinProcess inventory, May
Started processing during May
Required:
Calculate the number of tons completed and transferred out during the month.
Units completed and transferred out
Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weightedaverage method.
Equivalent Units
Direct materials
Conversion
How would your answer in requirement change if the percentage of completion in ending inventory were as follows: direct materials conversion
Equivalent Units
Direct materials
Conversion
Related Book For
Cost Management A Strategic Emphasis
ISBN: 978-0078025532
6th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
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