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:

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%%