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: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Required 1 Tons of Salmon 1,900 2,040 10, 300 Required 2 Direct materials Percent Completed 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%? Complete this question by entering your answers in the tabs below. Required 3 Direct Materials 80% 50% Conversion 70% 30% How would your answer in requirement 2 change if the percentage of completion in ending inventory were a materials 30%, conversion 40%? Equivalent Units

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: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Required 1 Tons of Salmon 1,900 2,040 10, 300 Required 2 Direct materials Percent Completed 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%? Complete this question by entering your answers in the tabs below. Required 3 Direct Materials 80% 50% Conversion 70% 30% How would your answer in requirement 2 change if the percentage of completion in ending inventory were a materials 30%, conversion 40%? Equivalent Units

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Description: 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 processingdepartment during May follow:Work-in-process inventory

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 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...

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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: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,440 2,120 7,950 Percent Completed Direct Materials 80% 50% Required 1 Required 2 Required 3 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%? Complete this question by entering your answers in the tabs below. Conversion 70% 30% Calculate the number of tons completed and transferred out during…
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: Work-in-process inventory, May 1 Work-in-Process inventory, May 31 Started processing during May Tons of Salmon 1,080 3,620 10,250 Percent Completed. Direct Materials. 80% 50% 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. Required 1 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%? Complete this question by entering your answers in the tabs below. Required 2 Required 3 Conversion 70% 30% Calculate the number of tons completed and transferred out during…
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 1,840 80 % 70 % Work-in-Process inventory, May 31 2,560 50 % 30 % Started processing during May 9,600 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%?
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 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 weighted-average method are calculated to be:
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 2,800 98 79 Work-in-process inventory — June 30 4,100 62 46 Started processing during June 9,000 Total equivalent units for materials under the weighted-average method are calculated to be a. 7602 equivalent units b. 10,242 equivalent units. c. 7,762 equivalent units. d. 9,733 equivalent units. e. 9,586 equivalent units.
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 conversion under the weighted-average method are calculated to be
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: Tons of salmon Direct materials Conversion WIP inventory beginning 2,240 80% 70% Started during month 2,380 50% 30% WIP inventory ending 9,250 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. How would your answer change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%?
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.
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. Multiple Choice Work-in-process inventory - June 1 Work-in-process inventory - June 30 Started processing during June Total equivalent units for materials under the weighted-average method are calculated to be: 7,818 equivalent units. 9,043 equivalent units. 7.657 equivalent units. 9,743 equivalent units. Tons of King Salmon 2,600 3,900 8,900 10,096 equivalent units. Percent Completed Materials Conversion 97 76 64 37
Equivalent Units of Production Units of production data for the two departments of Mediterranean Cable and Wire Company for November of the current fiscal year are as follows: Work in process, November 1 Completed and transferred to next processing department during November Work in process, November 30 Drawing Department 11,000 units, 70% completed 82,000 units 9,000 units, 40% completed 5,500 units, 60% completed a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for the Drawing Department. If an amount box does not require an entry, leave it blank. Drawing Department Direct Materials and Conversion Equivalent Units of Production For November Inventory in process, November 1 Started and completed in November Transferred to Winding Department in November Inventory in process, November 30 Total Winding Department 2,800 units, 10% completed Whole Units 79,300 units…
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 Conversion Materials Work-in-process Inventory - June 1 2,700 Work-in-process Inventory - June 30 4,000 Started processing during June 8,900 Total equivalent units for conversion under the FIFO method are calculated to be: Group of answer choices 7,672 equivalent units. 10,516 equivalent units. 7,196 equivalent units. 11,088 equivalent units. 11,304 equivalent units. 82 72 92 52
Pacific Fisheries, Inc processes salmon for various distributors. Two departments are involved-processing and packaging. Data relating to kilograms of salmon in processing during August are presented below: Work in process, August 1 Started into processing during August Work in process, August 31 Labour and overhead only. Kilograms of Percentage Completed" 20% 50% Salmon 34,500 388,000 24,500 All materials are added at the beginning of manufacturing in the processing department Labour and overhead (conversion) costs are incurred uniformly throughout processing www Required: Prepare quantity schedules and a computation of equivalent units for August for the processing department according to the weighted average cost method of accounting for units Quantity Schedule