Total equipment unit for materials Emerald Seafood Co. processes Pacific Cod for various distributors. Two departmentsare involved: Processing and Packaging. Data relating to tons of Pacific Cod processedin the Processing Department during August 2022 are provided below:of Percent CompletedCategoryTonsPacific CodWork-in-process inventory Aug 1,800 tons85% (Materials) / 75% (Conversion)1Work-in-process inventory-Aug 3,200 tons50% (Materials) / 30% (Conversion)31Started processing during August 9,200 tonsTotal equivalent units for materials under the weighted-average method are calculatedto be:A. 8,460 equivalent unitsB. 9,720 equivalent unitsC. 10,360 equivalent unitsD. 9,400 equivalent unitsE. 8,980 equivalent units

Explanation of Work in Process (WIP) Inventory:Work in Process (WIP) Inventory consists of partially…

Answered: Emerald Seafood Co. processes Pacific…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PB: Rexar had 1,000 units in beginning inventory before starting 9.500 units and completing 8,000 units....

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Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 2,700 98 86 Work-in-process inventory — June 30 4,000 66 47 Started processing during June 8,900 Total equivalent units for conversion under the weighted-average method are calculated to be:
Total equivalent units for materials?
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 2,000 94 81 Work-in-process inventory — June 30 3,300 61 38 Started processing during June 8,300 Total equivalent units for conversion under the weighted-average method are calculated to be: Multiple Choice 7,168 equivalent units. 9,013 equivalent units. 7,323 equivalent units. 8,177 equivalent units. 8,254 equivalent units.
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,500 90 80 Work-in-process inventory — June 30 2,800 60 40 Started processing during June 7,800 Total equivalent units for materials under the weighted-average method are calculated to be:
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 2,800 98 79 Work-in-process inventory — June 30 4,100 62 46 Started processing during June 9,000 Total equivalent units for materials under the weighted-average method are calculated to be a. 7602 equivalent units b. 10,242 equivalent units. c. 7,762 equivalent units. d. 9,733 equivalent units. e. 9,586 equivalent units.
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved - processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Conversion Materials Work-in-process Inventory - June 1 2,700 Work-in-process Inventory - June 30 4,000 Started processing during June 8,900 Total equivalent units for conversion under the FIFO method are calculated to be: Group of answer choices 7,672 equivalent units. 10,516 equivalent units. 7,196 equivalent units. 11,088 equivalent units. 11,304 equivalent units. 82 72 92 52
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 3,400 85 87 Work-in-process inventory — June 30 4,700 60 37 Started processing during June 9,600 Total equivalent units for materials under the weighted-average method are calculated to be: Multiple Choice 10,496 equivalent units. 8,010 equivalent units. 11,120 equivalent units. 7,865 equivalent units. 10,039 equivalent units.
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,600 92 81 Work-in-process inventory — June 30 2,900 62 41 Started processing during June 7,900 Total equivalent units for materials under the FIFO method are calculated to be: Multiple Choice 7,318 equivalent units. 6,926 equivalent units. 7,789 equivalent units. 7,080 equivalent units. 8,398 equivalent units.
Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below. Multiple Choice Work-in-process inventory - June 1 Work-in-process inventory - June 30 Started processing during June Total equivalent units for materials under the weighted-average method are calculated to be: 7,818 equivalent units. 9,043 equivalent units. 7.657 equivalent units. 9,743 equivalent units. Tons of King Salmon 2,600 3,900 8,900 10,096 equivalent units. Percent Completed Materials Conversion 97 76 64 37
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Using the information below, prepare a Cost of Production Report for CD Corporation's Packaging Department for May 2019 On May 1, 2019 the following were reported: Inventory In-Process-Packaging (5,500 units, 20% complete) Finished Goods (700 units at $7.25 a unit) 17,500 5,075 The following were charged to Work in Process- Packaging during May: Direct Materials transferred from Mixing 14,000 units @ $6.25 a unit. 87,500 Direct Labor 12,000 Factory Overhead 4,800 During May -15,500 units were transferred to finished goods and 13,700 units were sold. On May 30 Inventory was as follows Inventory in Process - Packaging: 4,000 units (40% complete) Finished Goods - 2,500 units
GENERAL ACCOUNT

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