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: Work in process, June 1 Work in process, June 20 started into production during June Tons of Pulp 80,400 50,000 301,900 Equivalent units of production Percent Completed 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. D Materials Materials 80% 47% Required 1 Required 2 Compute the equivalent units of production for materials and for labor and overhead for June. Labor and Overhead < Required 1 Labor and Overhead 20% 18%

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: Work in process, June 1 Work in process, June 20 started into production during June Tons of Pulp 80,400 50,000 301,900 Equivalent units of production Percent Completed 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. D Materials Materials 80% 47% Required 1 Required 2 Compute the equivalent units of production for materials and for labor and overhead for June. Labor and Overhead < Required 1 Labor and Overhead 20% 18%

Name: Highlands Company uses the weighted average method in its process cos
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Description: Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for variousmanufacturers of paper products. Data relating to tons of pulp processed during June are provided below:work in process, June 1Work i

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 Overhead 24 % Work in process, June 1 Work in process, June 30 Started into production during June Tons of Pulp 80, 300 50,300 301,500 Materials 89 % 50 % 14 % 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 Recuired 1 Required 2 > to search Desktop
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