QUESTION: 23 Alaskan Fisheries, Inc., 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: Pounds of Percent completed Salmon Materials Labor & Overhead Work in process inventory, July 1 26,000 100% 57% Work in process inventory, July 23,000 100% 70% 31 A total of 480,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.
QUESTION: 23 Alaskan Fisheries, Inc., 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: Pounds of Percent completed Salmon Materials Labor & Overhead Work in process inventory, July 1 26,000 100% 57% Work in process inventory, July 23,000 100% 70% 31 A total of 480,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:QUESTION: 23
Alaskan Fisheries, Inc., 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:
Pounds
of Percent completed
Salmon
Materials Labor
&
Overhead
Work in process inventory, July 1
26,000
100%
57%
Work in process inventory, July 23,000
100%
70%
31
A total of 480,000 pounds of salmon were started into processing during
July. All materials are added at the beginning of processing in the Cleaning
Department.
Required:
Compute the Cleaning Department's equivalent units of production for
materials and for labor and overhead in the month of July.
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