Solution 1:
Number of tons completed and transferred out = Beginning Units + started units - Ending units
= 1840 + 9600 - 2560 = 8,880 Tons
Solution 2:
Equivalent units of production (EUP) - Weighted Average method | |||||
Units | % Material | EUP-Material | % Conversion | EUP- Conversion | |
Units Completed and transferred out | 8880 | 100% | 8880 | 100% | 8880 |
units of Ending work in process | 2560 | 50% | 1280 | 30% | 768 |
Equivalent units of production | 10160 | 9648 |
Solution 3:
Equivalent units of production (EUP) - Weighted Average method | |||||
Units | % Material | EUP-Material | % Conversion | EUP- Conversion | |
Units Completed and transferred out | 8880 | 100% | 8880 | 100% | 8880 |
units of Ending work in process | 2560 | 30% | 768 | 40% | 1024 |
Equivalent units of production | 9648 | 9904 |
Washington State Fisheries, Inc., processes salmon for various distributors. Two departments, processing and packaging, are involved....
Washington State Fisheries, Inc., 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 Salmon Direct Materials Conversion Work-in-process inventory, May 1 1,140 80 % 70 % Work-in-Process inventory, May 31 2,960 50 % 30 % Started processing during May 7,300 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of...
Washington State Fisheries, Inc., 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 Salmon Direct Materials Conversion Work-in-process inventory, May 1 1,900 80 % 70 % Work-in-Process inventory, May 31 2,040 50 % 30 % Started processing during May 10,300 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of...
Washington State Fisheries, Inc., 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 Salmon Direct Materials Conversion Work-in-process inventory, May 1 2,360 80 % 70 % Work-in-Process inventory, May 31 2,880 50 % 30 % Started processing during May 7,500 Required: 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of...
Washington State Fisheries, Inc., 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: Tons of Salmon Materials Conversion Work-in-process inventory, May 1 1,020 80% 70% Work-in-process inventory, May 31 3,500 50 30 Started processing during May 7,200 1. Calculate the number of tons completed and transferred out during the month. 2. Calculate the number of equivalent...
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,700 91 79 Work-in-process inventory — June 30 3,000 61 42 Started processing during June 8,000 Total equivalent units for materials under the weighted-average method are calculated to be: Multiple Choice...
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved – processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of Percent Completed King Salmon Materials Conversion 3,300 86 89 4,600 69 50 9,500 Work-in-process inventory – June 1 Work-in-process inventory June 30 Started processing during June Total equivalent units for materials under the FIFO method are calculated to be: 8,536 equivalent units....
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 3,300 86 89 Work-in-process inventory — June 30 4,600 69 50 Started processing during June 9,500 Total equivalent units for materials under the FIFO method are calculated to be:
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2019 are provided below: Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 2,100 88 83 Work-in-process inventory — June 30 3,400 63 44 Started processing during June 8,400 Total equivalent units for materials under the FIFO method are calculated to be: Multiple Choice...
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 Salmon 35,000 455,000 40,000 Percentage Completed* 40% Work in process. July 1 Started into processing during July Work in process, July 31 *Labour and overhead only. 70% All materials are added at the beginning of processing in department 1. Labour and overhead (conversion) costs are incurred...
Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted average method in its process costing system. The company has two processing departments-Cleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Percent Completed Labor and Materials Overhead 100 591 100 90 Pounds of Salmon 29,000 24,000 Work in process inventory, July 1 Work in process inventory, July 31 A total of 490,000 pounds of salmon were started...