Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in...
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Alaskan Fisheries, Incorporated, processes salmon for various distributors and it uses the weighted-average method in its process costing system. The company has two processing departmentsCleaning and Packing. Data relating to pounds of salmon processed in the Cleaning Department during July are presented below: Pounds of Salmon Percent Completed Materials Labor and Overhead Work in process inventory, July 1 20,000 100% 30% Work in process inventory, July 31 25,000 100% 60% A total of 380,000 poun
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