The Alaskan Fisheries, Inc. processes salmon for various distributors. Two departments are involved-department 1 and department 2. Data relating to pounds of salmon processed in department 1 during July are presented below: Pounds of Percentage Salmon Completed Work in process, July 1 28,000 30% Started into processing during 420,000 July Work in process, July 31 33,000 60% "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. Quantity Schedule Pounds to be accounted for Work in process, July 31 Total pounds Equivalent Units (EU) Materials Conversion Units Pounds accounted for as follows Total pounds and equivalent units of production