Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory June 1 1,500 90 80 Work-in-process inventory June 30 2,800 60 40 Started processing during June 7,800 Total equivalent units for materials under the weighted-average method are calculated to be:

A. 6,830 equivalent units.

B. 8,180 equivalent units.

C. 6,980 equivalent units.

D.7,140 equivalent units.

E. 7,620 equivalent units.

2.

Split Company produces three products X, Y, and Z from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $138,000. Sales values and costs needed to evaluate Split's production policy follow.

Product	Units Produced	Sales Value at Split Off	If Processed Further
			Sales Value	Additional Costs
x	24,000	$ 44,500	$ 102,500	$ 5,700
y	13,000	28,500	53,500	12,000
z	3,000	34,000	48,000	15,000

The amount of joint costs allocated to product Z using the sales value at split-off method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):

Multiple Choice

• $31,746.

• $36,757.

• $43,850.

• $50,495.

• $57,393.

3.

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $115,000 was as follows:

	L	M	N	Total
Separable Processing cost	$ 14,000	$ 33,000	$ 14,000	$ 61,000
Units Produced	2,800	6,500	5,900	15,200
Sales Value (after additional processing)	$ 76,000	$ 70,000	$ 31,000	$ 177,000

The amount of joint costs allocated to product L using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):

Multiple Choice

• $49,178.

• $43,368.

• $44,638.

• $37,043.

• $21,184.