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 Tons of Pulp Materials 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. 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

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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:
Work in process, June 1
Work in process, June 30
Started into production during June
Required:
Percent Completed
Tons of Pulp
Materials
Labor and
Overhead
20,000
90%
80%
30,000
60%
40%
190,000
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
Transcribed Image Text: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 30 Started into production during June Required: Percent Completed Tons of Pulp Materials Labor and Overhead 20,000 90% 80% 30,000 60% 40% 190,000 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
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