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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
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. Percent Completed Labor and Work in process, June 1 Tons of Pulp 81,600 Materials 88% Overhead 28% Work in process, June 30 51,800 47% 11% Started into production during June 300,200 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of tons of pulp completed and transferred out during June. Tons completed and transferred out 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. Percent Completed Tons of Pulp Materials Work in process, June 1 81,600 88% Labor and Overhead 28% 27 Work in process, June 30 Started into production during June 51,800 300,200 47% 11% Required: ces 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. Complete this question by entering your answers in the tabs below. Required 1 Requir2 Compute the equivalent units of production for materials and for labor and overhead for June. Equivalent units of production Materials Labor and Overhead
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