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 1 80,600 85% 23% Work in process, June 30 52,000 42% 16% Started into production during June 301,000 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.