Alaskan Fisheries, Inc processes salmon for various distributors Two departments are involved-department and department 2 Data relating to pounds of salmon processed in department 1 during July are presented below. Pounds of Percentage Salmon Completed Work in process, July 1 28,888 3 Started into processing during July 420,000 Work in process, July 31 33,eee 60% *Labour and overhead only. All materials are added at the beginning of processing in department 1 Labour and overhead (conversion) costs are inbarred uniformly throughout processing Required: Prepare quantity schedules and a computation of equivalent units for July for department 1 according to the weighted average cost method of accounting for units. Quantity Schedule Pounds to be accounted for Work in process, July 1 Started into production during July Total pounds Che Alaskan Fisheries, Inc processes salmon for various distributors. Two departments are involved department and department 2 Data relating to pounds of salmon processed in department 1 during July are presented below Pounds of Salmon Percentage Completed 30% Work in process, July 1 Started into processins during July Work in process, July 31 "Labour and overhead only. 28.000 420,000 33,000 60% All materials are added at the beginning of processing in department 1. Labour and overhead (conversion) costs are incurred uniformly throughout processing Required: Prepare quantity schedules and a computation of equivalent units for July for department 1 according to the weighted average cost method of accounting for units. Quantity Schedule Pounds to be accounted for Work in process, July 1 Started into production during July Total pounds Equivalent Units (EU) Materials Conversion Units Pounds accounted for as follows: Work in process, July 31 Transferred to department 2 during July Total pounds and equivalent units of production 0