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 Materials Conversion Work-in-process inventory, May 1 1,000 80% 70% Work-in-process inventory, May 31 2,000 50 30 Started processing during May 7,000 Required: 1. Calculate the number of tons completed and transferred out during the month.

Question

13-01-2021
Business

contestada

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 Materials Conversion Work-in-process inventory, May 1 1,000 80% 70% Work-in-process inventory, May 31 2,000 50 30 Started processing during May 7,000 Required: 1. Calculate the number of tons completed and transferred out during the month.

Respuesta :

Otras preguntas

Find the discriminant. 4w 2 + 8W + 4 = 0 How many real solutions does the equation have? no real solutions one real solution two real solutions

There are 12 steps in the staircase. Plz don't do it for points!!! How do you get the answer 150? i am really struggling will mark brainliest.

i need help please as soon as possible thanks

How might learning about Mansa Musa and other ancient rulers affect people's perceptions of Africa?

Can someone please tell me the definition and characteristics of biographies?

Show that A and B are not similar matrices. A = 2 1 −4 9 , B = 3 −1 −5 7 Since A has characteristic polynomial p() = and B has characteristic polynomial p() = ,

I need help with this trigonometry question. “Solve the right triangle. “Round your answers to the nearest tenth.”

id : 688 737 6744pas : c8SNRa

Triangle JKL with vertices J(1,-1), K(2,3), and L(3,-2) in the line x=4 ANSWER RIGHT NOW BEEN WAITING AN HOUR NOW

Two of the angles in a triangle measure 56° and 21°. What must be the measure of the third angle?

abiolataiwo2015 abiolataiwo2015 · Answer 1 · 2021-01-17T01:43:53+01:00

Answer:

1. 6,000 tons

2. Direct Material 7,000

Conversion cost 6,300

3. Direct Material 6,300

Conversion cost 6,400

Explanation:

1. Calculation for the number of tons completed and transferred out during the month.

Using this formula

Units completed and transferred out= Opening WIP + Started processing - Closing WIP

Let plug in the formula

Units completed and transferred out= 1000 + 7000 - 2000

Units completed and transferred out= 6,000 tons

Therefore the number of tons completed and transferred out during the month is 6,000 tons

2. Calculation 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.

Calculation of Equivalent units

Particular Material conversion cost

% units % units

Units transferred out

100% 6,000 100% 6000

Finished goods WIP

50% 1000 30% 300

(50%*2,000=1,000) (30%*1,000=300)

Equivalent units 7,000 6,300

Therefore the number of equivalent units for direct materials is 7,000 and conversion is 6,300

3. Calculation for How would your answer in requirement 2 change if the percentage of completion in ending inventory were as follows: direct materials 30%, conversion 40%

First step is to calculate the New material in finished goods and Conversion cost

New material in finished goods = 1,000*30%

New material in finished goods= 300

Conversion cost = 1,000*40%

Conversion cost = 400

Now let calculate the new equivalent units

Direct Material =6,000+300

Direct Material= 6,300

Conversion cost = 6,000+ 400

Conversion cost = 6,400

Therefore How would your answer in requirement 2 change if the percentage of completion in ending inventory is both 30% and 40% is that Direct Material will be 6,300 and Conversion cost will be 6,400.