Weighted-Average Method
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 20,000 90% 80%
Work in process, June 30 30,000 60% 40%
Started into production during June 190,000
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.