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: Work in process inventory, July 1 Work in process inventory, July 31 Percent Completed Labor and Overhead Equivalent units of production Pounds of Salmon Materials 29,000 100% 100% 17,000 A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. 55% 70% Labor and Overhead

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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:
Work in process inventory, July 1
Work in process inventory, July 31
Percent Completed
Labor and
Overhead
Equivalent units of production
Pounds of
Salmon Materials
29,000 100%
17,000 100%
A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing
in the Cleaning Department.
Materials
Required:
Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.
55%
70%
Labor and
Overhead
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: Work in process inventory, July 1 Work in process inventory, July 31 Percent Completed Labor and Overhead Equivalent units of production Pounds of Salmon Materials 29,000 100% 17,000 100% A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. 55% 70% Labor and Overhead
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