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Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided
Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below:
Percent Completed | |||
Tons of Pulp | Materials | Labor and Overhead | |
Work in process, June 1 | 81,400 | 88% | 23% |
Work in process, June 30 | 51,200 | 41% | 13% |
Started into production during June | 301,800 | ||
|
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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