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 1,240 80% 70% Work-in-Process inventory, May 31 2,760 50% 30% Started processing during May 7,150 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 Calculate the number of tons completed and transferred out during the month. Required2 > 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 1,240 80% 70% Work-in-Process inventory, May 31 2,760 50% 30% Started processing during May 7,150 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 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 L A LT T | Required3 > 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 1,240 80% 70% Work-in-Process inventory, May 31 2,760 50% 30% Started processing during May 7,150 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 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
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