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:

Required:

Compute the number of tons of pulp completed and transferred out during June.

Compute the equivalent units of production for materials and for labor and overhead for June.

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Compute the number of tons of pulp completed and transferred out during June.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 $180,70080\%22\%$

Work in process, June $3050,50049\%15\%$

Started into production during June $301,300$

Required:

$1.$ Compute the number of tons of pulp completed and transferred out during June.

$2.$ Compute the equivalent units of production for materia