(Answered) Question - hielta oy a finnish company processes wood pulp

Accounting

Question - 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	82%	88%
Work in process, June 30	28,900	61%	47%
Started into production during June	190,800

Assume that the company uses the FIFO method in its process costing system.

Requirement 1: Compute the number of tons of pulp completed and transferred out during June.

Requirement 2: Compute the equivalent units of production for materials and for labor and overhead for June.

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