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 81,100 83% 22% Work in process, June 30 50,900 46% 19% 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.

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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:  

  Tons of Pulp Percent Completed
Materials Labor and Overhead
Work in process, June 1 81,100 83% 22%
Work in process, June 30 50,900 46% 19%
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.

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