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:

A total of 460,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department.

Compute the equivalent units for July for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units

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:

pounds of salmon materials (percent completed) labor and overhead (percent completed) work in process inventory july 1 32000 100% 54% work in process inventory july31 24000 100% 90%

A total of 460,000 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 equivalent units for July for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units

materials labor and overhead equivalent units product ? ?

Explanation / Answer

Answer

work in process ,july 1 = 32000

add; started intor production = 460000

equivalents units = 492000

particulars workings materials working labor and overhead units transferred out 484000 * 100% 484000 484000 * 54 % 261360 add;work in process 24000 * 100 % 24000 24000 * 90 % 21600 equivalents units of production 508000 282960

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