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 | 20,000 | 90% | 80% |
| Work in process, June 30 | 30,000 | 60% | 40% |
| Started into production during June | 190,000 |
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.
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thank you in advance 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: 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
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