Exercise 6-28 Equivalent Units; Weighted-Average Method
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 Salmon | Direct Materials | Conversion | |
| Work-in-process inventory, May 1 | 1,000 | 80% | 70% |
| Work-in-process inventory, May 31 | 2,000 | 50% | 30% |
| Started processing during May | 7,000 | ||
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%?
Homework Answers
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 1,900 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...
Equivalents
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 CompletedTons of SalmonDirect MaterialsConversionWork-in-process inventory, May 11,00080%70%Work-in-process inventory, May 312,00050%30%Started processing during May7,000 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...
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 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....
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...
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 Direct Materials Conversion 80% 703 50% 30% Tons of Salmon 1,840 2,560 9,600 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...
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...
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved — processing...
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:
Alaskan Fisheries, Inc., processes salmon for various distributors and it uses the weighted-average method in its...
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: 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...
East Bay Fisheries Inc. processes king salmon for various distributors. Two departments are involved – processing...
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....
plzzz answer all parts Exercise 4-10 Equivalent Units of Production-Weighted-Average Method (L04-2] Alaskan Fisheries, Inc., processes...
plzzz answer all parts
Exercise 4-10 Equivalent Units of Production-Weighted-Average Method (L04-2] 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: Pounds of Salmon 27,000 19,000 Percent Completed Labor and Materials Overhead 100% 59% 100% 80% Work in process inventory, July 1 Work in process...
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 Direct Materials Conversion 80% 703 50% 30% Tons of Salmon 1,840 2,560 9,600 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...
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....
plzzz answer all parts
Exercise 4-10 Equivalent Units of Production-Weighted-Average Method (L04-2] 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: Pounds of Salmon 27,000 19,000 Percent Completed Labor and Materials Overhead 100% 59% 100% 80% Work in process inventory, July 1 Work in process...
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