kaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below:     Tons of King Salmon Percent Completed Materials Conversion Work-in-process inventory — June 1 1,500 90 80 Work-in-process inventory — June 30 2,800 60 40 Started processing during June 7,800       Total equivalent units for materials under the FIFO method are calculated to be:

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 3CMA: Kimbeth Manufacturing uses a process cost system to manufacture dust density sensors for the mining...
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Hook Bait Incorporated 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 2020 are provided below:

 

  Tons of King Salmon Percent Completed
Materials Conversion
Work-in-process inventory — June 1 1,500 90 80
Work-in-process inventory — June 30 2,800 60 40
Started processing during June 7,800    

 

Total equivalent units for materials under the FIFO method are calculated to be:

 

Multiple Choice
  •  

    6,830 equivalent units.

  •  

    8,180 equivalent units.

  •  

    6,980 equivalent units.

  •  

    7,140 equivalent units.

  •  

    7,620 equivalent units.

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