Alaskan Fisheries, Incorporated, processes salmon for various distributors and uses the weighted-average method of process costing. 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: Work in process inventory, July 1 Work in process inventory, July 31 Percent Completed Pounds of Salmon 30,000 17,000 Materials 100% 100% Labor and Overhead 55% 70% A total of 450,000 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 labor and overhead in the month of July. Equivalent units of production Materials Labor and Overhead
Alaskan Fisheries, Incorporated, processes salmon for various distributors and uses the weighted-average method of process costing. 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: Work in process inventory, July 1 Work in process inventory, July 31 Percent Completed Pounds of Salmon 30,000 17,000 Materials 100% 100% Labor and Overhead 55% 70% A total of 450,000 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 labor and overhead in the month of July. Equivalent units of production Materials Labor and Overhead
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 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...
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