Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,080 3,620 10,250 Percent Completed Direct Materials Required 1 Required 2 Required 3 80% 50% Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Conversion 70% 30% Calculate the number of tons completed and transferred out during the month. Units completed and transferred out

Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,080 3,620 10,250 Percent Completed Direct Materials Required 1 Required 2 Required 3 80% 50% Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Conversion 70% 30% Calculate the number of tons completed and transferred out during the month. Units completed and transferred out

Name: Washington State Fisheries, Incorporated, processes salmon for variou
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Description: Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, areinvolved. Data relating to tons of salmon sent to the processing department during May follow:Work-in-process inventor

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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