Exercise 5-10 (Static) Equivalent Units of Production-Weighted-Average Method [LO5-2] Alaskan Fisheries, Incorporated, p

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Exercise 5 10 Static Equivalent Units Of Production Weighted Average Method Lo5 2 Alaskan Fisheries Incorporated P 1 (31.23 KiB) Viewed 10 times

Exercise 5-10 (Static) Equivalent Units of Production-Weighted-Average Method [LO5-2] Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average 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 Work in process inventory, July 31 Pounds of Salmon 20,000 25,000 Equivalent units of production Materials Percent Completed Labor and 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 Materials 100% 100% Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Labor and Overhead Overhead 30% 60%