Northern Catch Ltd. processes frozen tuna in two departments: Cleaning and Packing. The following information is provided for the Cleaning Department for July: • • • • Work-in-process inventory, July 1 = 2,000 units (Materials 100% complete, Conversion 70% complete) Work-in-process inventory, July 31 = 3,200 units (Materials 80% complete, Conversion 50% complete) Units started during July = 9,000 units Calculate the equivalent units for materials in July using the weighted- average method.

Northern Catch Ltd. processes frozen tuna in two departments: Cleaning and Packing. The following information is provided for the Cleaning Department for July: • • • • Work-in-process inventory, July 1 = 2,000 units (Materials 100% complete, Conversion 70% complete) Work-in-process inventory, July 31 = 3,200 units (Materials 80% complete, Conversion 50% complete) Units started during July = 9,000 units Calculate the equivalent units for materials in July using the weighted- average method.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4PA: Work in process account data for two months; cost of production reports Hearty Soup Co. uses a...

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Dinesh bhai
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.