Chapter 4 Exercises i Saved 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: 20 points Pounds of Salmon 20,000 25,000 Percent Completed Labor and Materials Overhead 100% 30% 100% 60% Work in process inventory, July 1 Work in process inventory, July 31 eBook A total of 380,000 pounds of salmon were started into processing during July. All materials are added at the beginning of processing in the Cleaning Department. Ask Required: Compute the Cleaning Department's equivalent units of production for materials and for labor and overhead in the month of July. Print Materials Labor and Overhead References Equivalent units of production Chapter 4 Exercises i Saved Clonex Labs, Inc., uses the weighted average method in its process costing system. The following data are available for one department for October: 20 points Percent Completed Units Materials Conversion 30,000 65 % 30% 15,000 80% Work in process, October 1 Work in process, October 31 40% eBook The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Hint Required: Compute the equivalent units of production for October. Materials Conversion Ask Equivalent units of production Print A References Chapter 4 Exercises Saved Superior Micro Products uses the weighted average method in its process costing system. Data for the Assembly Department for May appear below: 20 points Work in process, May 1 Cost added during May Equivalent units of production Materials $ 18,000 $ 238,900 35,000 Labor $ 5,500 $ 80, 300 33,000 Overhead $ 27,500 $ 401,500 33,000 eBook Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Hint Materials Labor Overhead Cost per equivalent unit Total Materials * Labor Labor overhead | Total Cost per equivalent unit Ask Print References