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Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far Alaskan Fisheries, Inc., processes
Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far 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: Percent Completed Labor and Materials Overhead 100% 60% 100% 90% Pounds of Salmon 32,000 17,080 Work in process inventory, July 1 Work in process inventory, July 31 A total of 470,000 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. Answer is complete but not entirely correct. Materials Labor and Overhead 473,900 Equivalent units of production 502,000
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