Equivalent Units-Weighted-Average Method
Gulf Fisheries, Inc.. processes tuna for various distributors. Two departments are involved—Cleaning and Packing. Data relating to pounds of tuna processed in the Cleaning Department during May are given below:
Percent Completed | |||
| Pounds of Tuna | Materials | Labor and Overhead |
Work in process. May 1 | 30,000 | 100% | 55% |
Work in process, May 31 | 20,000 | 100% | 90% |
*Labor and overhead only.
A total of 480.000 pounds of tuna were started into processing during Mav. All materials are added at the beginning of processing in the Cleaning Department.
Required:
Compute the equivalent units for May for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units.
Problems Connect
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.