Alaskan fisheries, inc., processes salmon for various distributors and it uses the weighted-average method in its process costing system. the company has two processing departments—cleaning and packing. data relating to pounds of salmon processed in the cleaning department during july are presented below:

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?