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Gulf Fisheries, Inc., processes tuna for various distributors. Two departments are involved—Cleaning and Packing. Data relating to pounds of tuna processed in the Cleaning Department during May are given below:
A total of 480,000 pounds of tuna were started into processing during May. All materials are added at the beginning of processing in the Cleaning Department.
Required:
Compute the equivalent units for May for both materials and labor and overhead assuming that the company uses the weighted-average method of accounting for units.
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