Reference no: EM131826089

Exercise - Quantity Schedule and Equivalent Units

Simon Fishing Co. processes salmon for various distributors. The two departments involved are Cleaning and Packing. The next table summarizes the data related to pounds of salmon processed in the Cleaning Department during June

                                                          Pounds of Salmon                    Percent Complete*

Work in Process, June 1                              40,000                                         50%

Started into processing during June             500,000                                        ----

Work in Process, June 30                            30,000                                          75%

*Labor and overhead only

All materials are added at the beginning of the process in the Cleaning Department.

Required - Prepare a reconciliation of units and a computation of equivalent units for June for the Cleaning Department.