Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted average method in...

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Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted average method in its process cos

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Answer 1

Answer #1

Work in process inventory, July 1	26000
(+) Units started in July	480000
(-) Work in process inventory, July 31	23000
Units completed	483000

	Equivalent Units
	Materials	Labor and overhead
Total units completed	483000	483000
Ending inventory equivalent units ( Ending work in process units * % Completion )	23000	16100
Equivalent units of production	506000	499100

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Answer 2

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