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Please SHOW me how to do this problem. Thanks! Washington State Fisheries, Inc., processes salmon for various distributors. Two departments, processing and packaging, are involved.
Please SHOW me how to do this problem. Thanks!
Washington State Fisheries, Inc., processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the processing department during May follow: Percent Completed Tons of Salmon Materials Conversion 1,140 70% Work-in-process inventory, May 1 80% Work-in-process inventory, May 31 2,960 50 30 Started processing during May 7,300 Required: 1. Calculate the number of tons completed and transferred out during the month Units completed and transferred out 2. Calculate the number of equivalent units for both materials and conversion for the month of May, assuming that the company uses the weighted-average method Equivalent Units Materials Conversion 3. How would your answer in part 2 change if the percentage of completion in ending inventory were as follows: materials 30%, conversion 40%? Equivalent Units Materials ConversionStep by Step Solution
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