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:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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:

 

 
 
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