Question: Refer to the data for Hielta Oy in E5-6. Data from E5-6 Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper

Refer to the data for Hielta Oy in E5-6.

Data from E5-6

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: Work in progress, 1 June Work in progress, 30 June Started into processing during June Tons of pulp 20,000

Required
1. Compute the number of tons of pulp completed and transferred out during June.
2. Prepare a quantity schedule for June assuming that the company uses the FIFO method.

Work in progress, 1 June Work in progress, 30 June Started into processing during June Tons of pulp 20,000 30,000 190,000 Percentage completed Materials 90% 60% Labour and overhead 80%% 40%%

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