Question: Preparing a Quantity Schedule-Weighted Average Cost Method [LO4 - CC12] Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data
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Preparing a Quantity Schedule-Weighted Average Cost Method [LO4 - CC12] Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tonnes of pulp processed during June are provided below: Page 162 Percentage Completed Tonnes of Pulp Materials Labour and Overhead Work in process, June 1 20,000 90% 80% Work in process, June 30 30,000 60% 40% Started into processing during June 190,000 Required: 1. Compute the number of tonnes of pulp completed and transferred out during June. 2. Prepare a quantity schedule for June assuming that the company uses the weighted average cost method
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