Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alaskan Fisheries, Inc. processes salmon for various distributors. Two departments are involved: Department 1 and Department 2. Data relating to pounds of salmon processed in

Alaskan Fisheries, Inc. processes salmon for various distributors. Two departments are involved: Department 1 and Department 2. Data relating to pounds of salmon processed in department 1 during July are presented below:

Work in process, July 1 33,000 pounds at 40% complete*

Started into processing in July 445,000 pounds

Work in process, July 31 38,000 pounds at 70% complete*

*Percentage completion refers to labour and overhead only. All materials are added at the beginning of processing in department 1. Labour and overhead (conversion) costs are incurred uniformly throughout processing. Assuming weighted-average, how many equivalent units were completed and transferred out during July?

A) 458,200 pounds

B) 431,600 pounds

C) 440,000 pounds

D) 451,400 pounds

E) 450,000 pounds

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Management Accounting Chapters 1 To 17

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Dave Burgstahler, Jeff Schatzberg

15th Edition

0136102654, 978-0136102656

More Books

Students also viewed these Accounting questions