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 29,000 22,000 Equivalent units of production Percent Completed Labor and Overhead 58% 70% A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials 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

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 29,000 22,000 Equivalent units of production Percent Completed Labor and Overhead 58% 70% A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials 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

Name: Alaskan Fisheries, Incorporated, processes salmon for various distrib
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Description: Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its processcosting system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon proce

Cornerstones of Cost Management (Cornerstones Series)

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Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

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Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Required 1 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Required 2 Direct materials Conversion Tons of Salmon 1,900 2,040 10, 300 Required 3 Percent Completed Direct Materials 80% 50% Equivalent Units Conversion 70% 30% How would your answer…
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: Pounds of Salmon Percent Completed Materials Labor and Overhead Work in process inventory, July 1 31,000 100% 59% Work in process inventory, July 31 19,000 100% 80% 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 Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July.
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 Percent Completed Labor and Overhead Equivalent units of production Pounds of Salmon Materials 29,000 100% 17,000 100% A total of 490,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Materials Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. 55% 70% Labor and Overhead
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 and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Percent Completed Pounds of Labor and Salmon Materials Overhead Work in process inventory, July 1 Work in process inventory, July 31 20,000 100% 30% 25,000 100% 60% 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: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Labor and Materials Overhead Equivalent units of production
Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,080 3,620 10,250 Percent Completed. Direct Materials. 80% 50% Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. Required 1 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Conversion 70% 30% Calculate the number of tons completed and transferred out during…
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 33,000 23,000 Equivalent units of production Materials Percent Completed Labor and Materials 100% 100% A total of 480,000 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 Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Labor and Overhead Overhead 57% 70%
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 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 N Materials Percent Completed Materials 100% 100% 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. Labor and 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%
Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,440 2,120 7,950 Percent Completed Direct Materials 80% 50% Required 1 Required 2 Required 3 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Conversion 70% 30% Calculate the number of tons completed and transferred out during…
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