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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:

Percent Completed
Tons of Pulp Materials Labor and Overhead
Work in process, June 1 80,300 84 % 25 %
Work in process, June 30 51,700 43 % 18 %
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.

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