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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:

Answer :

letmeanswer

Solution and Explanation:

Firstly, there is need to calculate the units that are completed and have been transferred out

Unit completed and transferred out = [tex]51000+386000-26000=411000[/tex]

Now, Equivalent unit are to be find out. The following table represents the equivalent number of units.

                                               Material            Labor and overhead

Beginning work in process [tex]\begin{aligned}&51000 * 0 \%\\&=0\end{aligned}[/tex]              [tex]51000 * .4=20400[/tex]

Unit started and

completed (411000-51000)         360000                             360000

Ending work in process      26000                [tex]\begin{aligned}&26000 * 50 \%=\\&13000\end{aligned}[/tex]

Equivalent unit of production 386000                     393400

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