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Exercise 5-10 (Algo) Equivalent Units of Production-Weighted-Average Method [LO5-2] 10 points Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method
Exercise 5-10 (Algo) Equivalent Units of Production-Weighted-Average Method [LO5-2] 10 points Alaskan Fisheries, Incorporated, 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: A total of 490,000 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. \begin{tabular}{|l|c|c|} \hline & Materials & LaborandOverhead \\ \hline Equivalent units of production & 528,000 & 513,800 \\ \hline \end{tabular}
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