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 tons

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. Tons of Pulp Percent Completed Materials Labor and Overhead work in process, June 1 0,400 21% work in process, June 30 51,700 17% Started into production during June 300,700 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 Required 1 Required 2 > 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 Work in process, June 1 Tons of Pulp 80,400 Materials Overhead 21% work in process, June 30 51,700 17% Started into production during June 300,700 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. Equivalent units of production Materials Labor and Overhead

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