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 Salmon		Percentage Completed*
Work in process, July 1	27,000			40	%
Started into processing during July	415,000
Work in process, July 31	32,000			70	%
*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.

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 Salmon		Percentage Completed*
Work in process, July 1	27,000			40	%
Started into processing during July	415,000
Work in process, July 31	32,000			70	%
*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.

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 Salmon		Percentage Completed*
Work in process, July 1	27,000			40	%
Started into processing during July	415,000
Work in process, July 31	32,000			70	%
*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.

Score answer