Question: Highland's Company uses the weighted - average method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating

Highland\'s 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

tons of pulp

80, 700

materials

89 %

labor and overhead

26 %,

Work in process, June

30

tons of pulp

51, 700

materials

43 %

labor and overhead

13 %

started intoproduction during June tons of pulp

301, 300,

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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