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 520,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department.

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

Units completed and transferred = 27000 + 520000 -16000

= 531000

Equivalent unit of material = 520000 x 100% = 520000

Equivalent units of Conversion cost = 531000 x 100% + 16000 x 70%

= 542200

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