Refer to the data for Hielta Oy in Exercise 4—7. Assume that the company uses the FIFO method in its process costing system.

Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products.
Data relating to tons of pulp processed during June are provided below:

Required:

1. Compute the number of tons of pulp completed and transferred out during June.

2. Compute the equivalent units of production for materials and for labor and overhead for June.

Percent Completed Tons of Labor and Materials Pulp Overhead Work in process, June 1...... Work in process, June 30.. Started into production during June . 20,000 30,000 90% 80% 40% 60% 190,000