Alaskan Fisheries, Inc., processes salmon for various distributors. Two departme

Question

Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involved— Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below:

Percent Completed

A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department.

Materials Labor and overhead  

Equivalent units of production

Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involved— Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below:

Explanation / Answer

Material. labour and overhead

Equivalent units of production 520,000. 512,400

Explanation:

Weighted-Average Method:

. MaterialsLabor andOverhead

Pounds transferred to the Packing Department during July* 501,000 501,000

Work in process, July 31:

Materials: 19,000 pounds ×100% complete. 19,000

Labor and overhead: 19,000 pounds ×60% complete. 11,400

Equivalent units of production. 520,000 512,400

*30,000 + 490,000 – 19,000 = 501000

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