Question: Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to

 Highlands Company uses the weighted average method in its process costingsystem. It processes wood pulp for various manufacturers of paper products. Data

Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Labor and Tons of Pulp Materials Overhead 80,100 81% 29% 50,200 42% 12 % 301,500 Work in process, June 1 Work in process, June 30 Started into production during June points 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of tons of pulp completed and transferred out during June. Tons completed and transferred out Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below: Percent Completed Labor and Tons of Pulp Materials Overhead 80,100 81% 29% 50,200 42% 12 % 301,500 Work in process, June 1 Work in process, June 30 Started into production during June points 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2. Compute the equivalent units of production for materials and for labor and overhead for June. Materials Labor and Overhead Equivalent units of production

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