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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
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 Labor and Materials Overhead 100 58. 100% 702 Pounds of Salmon 28.000 20,000 Work in process inventory. JULY Work in process inventory, July 31 A total of 550,000 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. X Answer is complete but not entirely correct. Materials Labor and Overhead Equivalent units of production 550,000 540,000
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