Gulf Fisheries, Inc., processes tuna for various distributors. Two departments a

Question

Gulf Fisheries, Inc., processes tuna for various distributors. Two departments are involved—Cleaning and Packing. Data relating to pounds of tuna processed in the Cleaning Department during May are given below:

Percent Completed

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

Gulf Fisheries, Inc., processes tuna for various distributors. Two departments are involved—Cleaning and Packing. Data relating to pounds of tuna processed in the Cleaning Department during May are given below:

Explanation / Answer

Answer:

*35,000 + 460,000 – 17,000 = 478,000

Particulars Materials Labor and Overhead Equivalent units of Production 495000 489900 Particulars Materials Labor and Overhead Pounds transferred to the Packing Department during May* 478000 478000 Work in process, May 31: Materials: 17,000 pounds × 100% complete 17000 Labor and overhead: 17,000 pounds × 70% complete 11900 Equivalent units of production 495000 489900

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