Simon Fishing Co. processes salmon for various distributors. The two departments involved are cleaning and Packing. The
Question:
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 CleaningDepartment.
Transcribed Image Text:
Pounds of Salmon 40,000 500,000 30,000 Percent Complete 50% Work in Process, June 1 Started into processing during June Work in Process, June 30 75% Labor and overhead only
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Units in beginning WIP 40000 Units started during June 500000 Units t...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
The Simon Fishing Company processes salmon for various distributors. The two departments involved are cleaning and Packing. The next table summarizes the data zelated to pounds of salmon processed in...
-
At mixing department, all materials are added at the beginning of the process. Lahore and overhead (conversion resources) are added evenly throughout the process. The following information pertains...
-
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 departmentsCleaning and...
-
Rewrite these sentences to eliminate buzzwords and figures of speech. A. Also, through SCMC and by also gaining a membership in ISM, certification opportunities will be at your fingertips. B. The...
-
What is the meaning of each of the four states in the MESI protocol?
-
The table below shows the distribution of the ages of moviegoers (based on data from the Motion Picture Association of America). Use the data to estimate the mean, standard deviation, and variance of...
-
A 1-for-10 stock split __________ the price of the stock.
-
The company reported the following information for the year: Ending work-in-process inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 Depreciation on factory building . . . ....
-
Which of the following is not a permitted rollover? A. SEP IRA to a Traditional IRA. B. SIMPLE IRA to designated Roth account. C. 403(b) Plan to a Qualified Plan. D. Qualified Plan to a government...
-
In three years, assuming the competitive environment remains unchanged, how many units of Bolt will Baldwin be selling in the Nano market segment? Select: 1 431 638 715 560 Next year segmented growth...
-
At the start of November, Penco Refinery had Work in Process inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to...
-
Tempe Chemicals renes a variety of chemicals for cleaning products. The following data are from the companys Greenville plant: Work in Process, May 1........ 2,200,000 gallons Direct...
-
In Mussatto Company, direct labor is $20 per hour. The company expects to operate at 10,000 direct labor hours each month. In January 2008, direct labor totaling $203,000 is incurred in working...
-
2. See US Debt Clock and answer the following: (Hint: Take a screenshot of the Debt Clock) (2) A. What is the current US deficit and the total federal debt? (1) B What is the net interest...
-
Q. Is GDP per capita a good measure of a society's welfare? Why or why not? (150 Words)
-
On May 3, the Happy Company wrote off the $4,300 uncollectible account of its customer, A. Johnson. The entry or entries Happy makes to record the write off of the account on May 3 is: Allowance for...
-
Who is responsible for the financial statements and maintaining effective internal control over financial reporting? Where did you find this in the annual report? What accounting rules are required...
-
8. Chad owned an office building that was destroyed in a tornado. The adjusted basis of the building at the time was $890,000. After the deductible, Chad received an insurance check for $850,000. He...
-
Cameron Corporation purchased 70 percent of the common stock of Darla Corporation on December \(31,20 \times 4\), for \(\$ 87,500\). Data from the balance sheets of the two companies included the...
-
In Problems 1522, find the principal needed now to get each amount; that is, find the present value. To get $750 after 2 years at 2.5% compounded quarterly.
-
Draw a graph to show the change in the land market from 1969 to 2007. Explain how the moratorium will influence the land market in 2008. Use the following information to work Problems 8 and 9....
-
For fiscal year 2014, LaundryMate Products had income as follows: Sales ...........................................................$55,000,000 Less: Cost of goods sold...
-
For fiscal year 2015, Katherine's Department Store had net income of $6,000,000.Interest expense was $2,250,000, and the company's tax rate on income was 40 percent. Total assets were $80,000,000,...
-
During 2014, Damon Company had the following transactions: 1. Purchased $200,000 of 10-year bonds issued by Gallant, Inc. 2. Purchased common stock in Morceau Company, as a long-term investment, for...
-
Dr. Claudia Gomez, a plastic surgeon, had just returned from a conference in which she learned of a new surgical procedure for removing wrinkles around eyes, reducing the time to perform the normal...
-
QUESTION 2 ( 2 0 Marks ) 2 . 1 REQUIRED Study the information provided below and prepare the Income Statement for the year ended 3 1 December 2 0 2 3 using the marginal costing method. INFORMATION...
-
DROP DOWN OPTIONS: FIRST SECOND THIRD FOURTH 5. Cost of new common stock A firm needs to take flotation costs into account when it is raising capital fromY True or False: The following statement...
Study smarter with the SolutionInn App