Compute the equivalent units for july for the materials

Reference no: EM131928120

Problem

Alaskan Fisheries, Inc., processes salmon for various distributors. Two departments are involved- Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below:

		Percent Completed
	Pounds of Salmon	Materials	Labor and Overhead
Work in process inventory, July 1	26,000	100%	59%
Work in process inventory, July 31	19,000	100%	80%

A total of 540,000 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 equivalent units for July for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units.

Reference no: EM131928120

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