Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pacific fisheries, inc. processes salmon for vario

Pacific Fisheries, Inc. processes salmon for various distributors. Two departments are involved-processing and packaging. Data...

90.2K

Verified Solution

Question

Accounting

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:

52:15

Kilograms of

Salmon

Percentage Completed*

Work in process,

August 1

37,000

20%

Started into processing during August

398,000

Work in process, August 31

27,000

50%

*Labour and overhead only.

All materials are added at the beginning of manufacturing in the processing department. Labour and overhead (conversion) costs are incurred uniformly throughout processing

Required:

Prepare quantity schedules and a computation of equivalent units for August for the processing department using the FIFO method.

Quantity Schedule

Kilograms to be accounted for:

Total kilograms

Prev

raw

2 of 53

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2 4x 22x 28 0

Algebra
Q

List the Hormones produced in the ovary - name of the cells that produce the hormone...

Medical Sciences
Q

7 Select the correct answer from each drop down menu How can you quantify total...

Biology
Q

Unit Test 2 Active 3 5 6 7 8 10 TIME REMAININ 01 20 47...

Biology
Q

Read this quotation I want peace but if you want war that is your problem...

Biology
Q

Which statements are true about polygons Select three options Students if you believe you earned...

Geometry
Q

The following graph describes the height in meters of a rider on a ferris wheel...

Basic Math
Q

Schapp Corporation keeps...

Accounting
Q

Problem 2 Bastille Corporation prepares monthly cash budgets. Here are relevant data...

Accounting
Q

Topic 1: Do some research and find an article that discusses employee compensation. Discuss what...

Accounting
Q

principles of auditing and assurance services edition 20. pg. 237 6b appendix pick one example...

Accounting
Q

The most recent dividend (Divo) from Amaston Inc is $0.80, the dividend growth rate (g)...

Finance