Exercise 5S-6 (Static) Equivalent Units of Production-FIFO Method [LO 5S-6] Alaskan Fisheries, Incorporated, processes s

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Exercise 5s 6 Static Equivalent Units Of Production Fifo Method Lo 5s 6 Alaskan Fisheries Incorporated Processes S 1 (27.02 KiB) Viewed 34 times

Exercise 5S-6 (Static) Equivalent Units of Production-FIFO Method [LO 5S-6] Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the FIFO method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Work in process inventory, July 1 Mork in process inventory, July 31 Pounds of Salmon 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. Equivalent units of production Percent Completed Labor and Materials Overhead 30% 100% 100% 60% Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead for July Materials Labor and Overhead Check my work