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 Labor and Overhead 81,500 Materials Work in process, June 1 Work in process, June 50,900 30 Started into production during June 301,900 Percent Completed 83% 46% 23% 18% 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.

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 10P: Aero Aluminum Inc. uses a process cost system. The records for May show the following information:...
icon
Related questions
icon
Concept explainers
Topic Video
Question

Please do not give solution in image format thanku 

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:
Materials
Work in
process, June 1
Work in
process, June 50,900
30
Started into
production
during June
Tons of
Pulp
Labor and
Overhead
81,500
Required:
301,900
Percent
Completed
83%
46%
23%
18%
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.
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: Materials Work in process, June 1 Work in process, June 50,900 30 Started into production during June Tons of Pulp Labor and Overhead 81,500 Required: 301,900 Percent Completed 83% 46% 23% 18% 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.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,