Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for
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Question:
Highlands Company uses the weighted average method in its process costing system. It processes wood pulp for various paper products manufacturers. The data regarding the tons of pulp processed in June are given below:
percent complete | |||||
ton küspe | Materials | Labor and Overhead | |||
Work in progress, 1 June | 81.000 | 88 | % | 28 | % |
Work in progress, 30 June | 51.300 | 49 | % | 15 | % |
Production started in June | 300.700 | ||||
Necessary:
1. Calculate the number of tons of pulp completed and transferred in June.
2. Calculate the equivalent units of production for materials, labor and overheads for the month of June.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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