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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 tons
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 80,800 85% 27% Work in process, June 30 50,500 47% 10% Started into production during June 301,200 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. 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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