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American Tuna Company processes tuna for various distributors. Two departments are unstred: Department 1 and Department 2 Data of Department 1 are given: July
American Tuna Company processes tuna for various distributors. Two departments are unstred: Department 1 and Department 2 Data of Department 1 are given: July 01, Work in process Started into process during July July 31, Work in proces Pounds of Jun 30,000 480,000 20,000 Completed Percentage 55% 90% Note: All materials are added at the bequing of processing is department 1. Labor and overhead costs are incurred uniformly. throughout the processing. Required / Task: Prepare a quantity schedute & a computation of equivalent mits of production for July assuming that the company user weighted average method of process costing.
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