Solved: Processes wood pulp for various manufacturers of paper, Accounting Basics

Processes wood pulp for various manufacturers of paper

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	80,100	86%	22%
Work in process, June 30	51,900	43%	17%
Started into production during June	300,400

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Accounting Basics: Processes wood pulp for various manufacturers of paper

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