Hielta Oy, a Finnish company, 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 21,400 89% 81%
Work in process, June 30 28,400 62% 44%
Started into production during June 191,600
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Requirement 1:
Compute the number of tons of pulp completed and transferred out during June.
Completed and transferred out during the month tons of pulp
Requirement 2:
Compute the equivalent units of production for materials and for labor and overhead for June.