The Alaskan Fisheries, Inc. processes salmon for various distributors. Two departments are involveddepartment 1 and department 2. Data relating to pounds of salmon processed in department 1 during July are presented below:

Pounds of

SalmonPercentage

Completed*Work in process, July 120,00030%Started into processing during July380,000Work in process, July 3125,00060%*Labour and overhead only.

All materials are added at the beginning of processing in department 1. Labour and overhead (conversion) costs are incurred uniformly throughout processing.

Required:Prepare quantity schedules and a computation of equivalent units for July for department 1 using the FIFO method.