Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Washington State Fisheries, incorporated processes salmon for varlous distributors. Two departments, processing and packaging, are Involved. Data relating to tons of salmon sent to the

image text in transcribed
image text in transcribed
image text in transcribed
Washington State Fisheries, incorporated processes salmon for varlous distributors. Two departments, processing and packaging, are Involved. Data relating to tons of salmon sent to the processing department during May follow Percent Completed Direct Materials Conversion BOK 70% sox 30x Tons of Salmon 1,080 3,620 10,250 Work in process inventory, May 1 Work in Process Inventory, May 31 Started processing during May 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 completionin 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. Units completed and tood out Hampired Required 2 > 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 Direct Materials Conversion sex 70% 50% Tons of Salmon 1,000 3,620 10,250 Work in process inventory, May 1 Work in Process inventory, May 31 Started processing during May Ox 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 of 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 flequired 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. Equivalent Units Direct materials Conversion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Michael J. Jones

2nd Edition

1119977150, 978-1119977155

More Books

Students also viewed these Accounting questions

Question

=+d. Is there another print vehicle you would suggest?

Answered: 1 week ago