Alaskan fisheries Check my work mode : This shows what is correct or incorrect f

Question

Alaskan fisheries Check my work mode : This shows what is correct or incorrect for the w ork you have completed so far. It does not indicate completion. to question 7 Alaskan Fisheries, Inc, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departments-Cleaning a processed in the Cleaning Department during July are presented below points Labor and Work in 100 100 30 % Work in process inventory, July 31 20,000 25,000 A total of 380,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department Required: July e the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of and

Explanation / Answer

Calculate equivalent unit of production :

Material Labour and overhead Equivalent unit of production (375000+25000*100%) = 400000 (375000+25000*60%) = 390000

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