Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Washington State Fisheries, Incorporated, processes salmon for various distributors. Two departments, processing and packaging, are involved. Data relating to tons of salmon sent to the
Washington State Fisheries, Incorporated, 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 Direct Salmon Materials Conversion Work-in-process inventory, May 1 1,080 80% 70% Work-in-Process inventory, May 31 3,620 50% 30% Started processing during May 10,250 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%7? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of tons completed and transferred out during the month. el | HL# D (wliaplel O) uy saveu Washington State Fisheries, Incorporated, 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 Direct Salmon Materials Conversion Work-in-process inventory, May 1 1,080 80% 70% Work-in-Process inventory, May 31 3,620 50% 30% Started processing during May 10,250 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%7? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. Direct materials Conversion Washington State Fisheries, Incorporated, 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 Direct Salmon Materials Conversion Work-in-process inventory, May 1 1,080 80% 70% Work-in-Process inventory, May 31 3,620 50% 30% Started processing during May 10,250 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent units for both direct materials and conversion for the month of May, assuming that the company uses the weighted-average method. 3. How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%? Equivalent Units Direct materials Conversion Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August: Work-in-process inventory, August 1 Conversion: 90% complete 37,000 units Work-in-process inventory, August 31 Conversion: 50% complete 30,000 units Units started 63,000 Units completed and transferred out ? Costs Work-in-process inventory, August 1 Material X $ 61,900 Material Y 84,400 Conversion 118,470 Costs added during August Material X 151,500 Material Y 90,600 Conversion 145,030 Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 80% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method. Required: 1. & 2. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department. 3. Calculate the cost of units transferred out. 4. Calculate the cost of the ending Work-in-Process Inventory. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Calculate the cost of units transferred out. (Do not round intermediate calculations.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started